Price for Cereals; Grain Sorghum, Seed in Morocco - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Morocco (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Morocco
Price for Cereals; Grain Sorghum, Seed in Morocco (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $837 per ton in 2022, with a decrease of -8.6% against the previous year. Over the last seven-year period, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $916 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($4,742 per ton), while the price for Argentina ($601 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in Morocco
In 2022, approx. 935 tons of cereals; grain sorghum, seeds were imported into Morocco; growing by 120% on 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; grain sorghum, seed imports surged to $783K in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 107%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cereals; Grain Sorghum, Seed in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 79.8 | 219 | 231 | 390 | 69.7% |
| Argentina | 127 | 319 | 81.9 | 242 | 24.0% |
| France | 46.6 | 12.9 | 31.7 | 71.1 | 15.1% |
| United States | 27.6 | 32.1 | 25.6 | 23.1 | -5.8% |
| Others | 1.2 | 2.1 | 18.8 | 56.6 | 261.3% |
| Total | 283 | 585 | 388 | 783 | 40.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Morocco in 2022:
- South Africa (495.3 tons)
- Argentina (402.1 tons)
- France (15.0 tons)
- United States (11.6 tons)
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