Price for Cereals; Grain Sorghum, Seed in Mexico - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Mexico (CIF) - 2023
- Price for Cereals; Grain Sorghum, Seed in Mexico (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Mexico
- Exports of Cereals; Grain Sorghum, Seed in Mexico
Price for Cereals; Grain Sorghum, Seed in Mexico (CIF) - 2023
The average cereals; grain sorghum, seed import price stood at $3,020 per ton in April 2023, remaining stable against the previous month. In general, the import price continues to indicate a measured increase. The pace of growth was the most pronounced in January 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices attained the peak figure in April 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +3.7% per month.
Price for Cereals; Grain Sorghum, Seed in Mexico (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $1,901 per ton in 2022, waning by -19.6% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 68%. As a result, the export price attained the peak level of $3,044 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($14,256 per ton), while the average price for exports to the United States ($894 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+258.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in Mexico
Cereals; grain sorghum, seed imports into Mexico surged to 9.5K tons in 2022, jumping by 483% compared with the year before. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; grain sorghum, seed imports surged to $23M in 2022. Overall, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Grain Sorghum, Seed in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.0 | N/A | 2.9 | 23.3 | 13.3% |
| Others | 1.6 | N/A | 0.3 | N/A | -56.7% |
| Total | 17.6 | N/A | 3.2 | 23.3 | 9.8% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Mexico in 2022:
- United States (9.5K tons)
Exports of Cereals; Grain Sorghum, Seed in Mexico
Cereals; grain sorghum, seed exports from Mexico skyrocketed to 163 tons in 2022, increasing by 25% against the year before. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 241%. As a result, the exports reached the peak of 194 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; grain sorghum, seed exports amounted to $309K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 185% against the previous year. As a result, the exports attained the peak of $310K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Grain Sorghum, Seed in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.9 | 150 | 98.2 | 91.4 | 20.0% |
| Belize | 17.5 | 53.5 | 39.4 | 74.6 | 62.1% |
| France | 14.9 | 38.4 | 63.4 | 59.0 | 58.2% |
| Guatemala | 23.2 | 66.7 | 43.7 | 40.7 | 20.6% |
| Others | 0.4 | 1.5 | 63.9 | 43.7 | 378.1% |
| Total | 109 | 310 | 309 | 309 | 41.5% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Mexico in 2022:
- United States (102.3 tons)
- Belize (42.7 tons)
- Guatemala (12.3 tons)
- France (4.1 tons)
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