Price for Cereals; Grain Sorghum, Seed in Italy - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Italy (CIF) - 2023
- Price for Cereals; Grain Sorghum, Seed in Italy (FOB) - 2023
- Imports of Cereals; Grain Sorghum, Seed in Italy
- Exports of Cereals; Grain Sorghum, Seed in Italy
Price for Cereals; Grain Sorghum, Seed in Italy (CIF) - 2023
The average cereals; grain sorghum, seed import price stood at $3,299 per ton in May 2023, with a decrease of -7.6% against the previous month. Overall, the import price saw a pronounced setback. The pace of growth appeared the most rapid in March 2023 an increase of 179% against the previous month. As a result, import price reached the peak level of $5,563 per ton. From April 2023 to May 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3,700 per ton), while the price for Austria amounted to $327 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Hungary (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in Italy (FOB) - 2023
The average cereals; grain sorghum, seed export price stood at $5,271 per ton in May 2023, falling by -18.2% against the previous month. In general, the export price, however, showed a temperate expansion. The growth pace was the most rapid in September 2022 when the average export price increased by 422% m-o-m. Over the period under review, the average export prices attained the maximum at $6,445 per ton in April 2023, and then dropped remarkably in the following month.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Austria ($9,095 per ton), while the average price for exports to Malta ($2,166 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in Italy
In 2022, overseas purchases of cereals; grain sorghum, seeds decreased by -36.4% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year.
In value terms, cereals; grain sorghum, seed imports reduced sharply to $4.1M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year.
| Import of Cereals; Grain Sorghum, Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,872 | 3,028 | 3,978 | 2,421 | -5.5% |
| United States | 663 | 265 | 384 | 549 | -6.1% |
| Germany | 28.0 | 613 | 809 | 393 | 141.2% |
| Netherlands | 231 | 409 | 320 | 358 | 15.7% |
| Hungary | 20.3 | 217 | 137 | 185 | 108.9% |
| Argentina | 44.7 | 48.0 | 81.8 | 180 | 59.1% |
| Austria | N/A | 352 | 142 | N/A | -59.7% |
| Others | 157 | 1,292 | 882 | 9.4 | -60.9% |
| Total | 4,016 | 6,224 | 6,733 | 4,095 | 0.7% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Italy in 2022:
- France (648.5 tons)
- Hungary (168.8 tons)
- United States (158.9 tons)
- Germany (149.7 tons)
- Netherlands (123.5 tons)
- Argentina (43.7 tons)
Exports of Cereals; Grain Sorghum, Seed in Italy
For the fourth consecutive year, Italy recorded growth in shipments abroad of cereals; grain sorghum, seeds, which increased by 140% to 956 tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; grain sorghum, seed exports soared to $2.6M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.5 | 597 | 675 | 1,685 | 483.1% |
| Austria | 8.0 | 40.3 | 310 | 355 | 254.0% |
| Spain | 414 | 33.7 | 44.1 | 98.3 | -38.1% |
| Malta | 5.2 | 21.1 | 11.9 | 71.1 | 139.1% |
| Hungary | 155 | 157 | 4.1 | 53.3 | -29.9% |
| Denmark | N/A | N/A | N/A | 50.3 | 0% |
| Belgium | 1.4 | 6.3 | 47.4 | 47.7 | 224.2% |
| Germany | 98.3 | 606 | 63.7 | 46.1 | -22.3% |
| Greece | 41.0 | 65.6 | 96.6 | 36.9 | -3.5% |
| Portugal | 291 | 1.1 | 3.7 | 18.7 | -59.9% |
| Others | 377 | 114 | 124 | 134 | -29.2% |
| Total | 1,400 | 1,642 | 1,381 | 2,596 | 22.9% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Italy in 2022:
- France (684.0 tons)
- Malta (44.4 tons)
- Spain (40.3 tons)
- Austria (35.1 tons)
- Hungary (25.8 tons)
- Belgium (23.5 tons)
- Denmark (22.9 tons)
- Greece (20.4 tons)
- Germany (16.8 tons)
- Portugal (5.6 tons)
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