Price for Cereals; Grain Sorghum, Seed in Slovakia - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in Slovakia (CIF) - 2022
- Price for Cereals; Grain Sorghum, Seed in Slovakia (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Slovakia
- Exports of Cereals; Grain Sorghum, Seed in Slovakia
Price for Cereals; Grain Sorghum, Seed in Slovakia (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $2,762 per ton in 2022, surging by 28% against the previous year. Overall, the import price, however, recorded a deep slump. Over the period under review, average import prices attained the maximum at $6,557 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($6,249 per ton), while the price for Belgium ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Grain Sorghum, Seed in Slovakia (FOB) - 2022
The average cereals; grain sorghum, seed export price stood at $392 per ton in 2022, declining by -21.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 73%. Over the period under review, the average export prices reached the peak figure at $1,041 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($4,557 per ton), while the average price for exports to the Czech Republic ($375 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 Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Seed in Slovakia
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; grain sorghum, seeds, when their volume decreased by -43% to 100 tons. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 272%.
In value terms, cereals; grain sorghum, seed imports declined dramatically to $276K in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 180%.
Import of Cereals; Grain Sorghum, Seed in Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 11.4 | 39.6 | 103 | 101 | 106.9% |
Hungary | 39.9 | 111 | 242 | 82.5 | 27.4% |
Germany | 14.6 | 52.1 | N/A | 74.9 | 72.5% |
Austria | 6.4 | 0.4 | 8.6 | 9.0 | 12.0% |
Czech Republic | 4.1 | 73.5 | 25.6 | 7.3 | 21.2% |
Belgium | 0.7 | N/A | N/A | 0.7 | 0.0% |
Others | 21.7 | 0.6 | N/A | 0.8 | -66.7% |
Total | 98.8 | 277 | 379 | 276 | 40.8% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Slovakia in 2022:
- Hungary (50.5 tons)
- Germany (20.6 tons)
- France (16.1 tons)
- Austria (7.2 tons)
- Czech Republic (2.4 tons)
- Belgium (2.4 tons)
Exports of Cereals; Grain Sorghum, Seed in Slovakia
In 2022, cereals; grain sorghum, seed exports from Slovakia shrank remarkably to 64 tons, with a decrease of -35% on the year before. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 5,043% against the previous year. As a result, the exports reached the peak of 99 tons, and then fell rapidly in the following year.
In value terms, cereals; grain sorghum, seed exports dropped markedly to $25K in 2022. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 5,195%. As a result, the exports attained the peak of $49K, and then contracted dramatically in the following year.
Export of Cereals; Grain Sorghum, Seed in Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | 5.1 | 0.9 | 24.2 | 13.6 | 38.7% |
Poland | 10.2 | N/A | 7.6 | 10.5 | 1.0% |
Netherlands | N/A | N/A | 17.6 | N/A | 0% |
Others | 2.7 | N/A | N/A | 1.2 | -23.7% |
Total | 18.0 | 0.9 | 49.5 | 25.2 | 11.9% |
Top Export Markets for Cereals; Grain Sorghum, Seed from Slovakia in 2022:
- Czech Republic (36.2 tons)
- Poland (27.9 tons)
This report provides an in-depth analysis of the sorghum market in Slovakia.
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Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.