Price for Cereals; Grain Sorghum, Seed in South Africa - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in South Africa (FOB) - 2022
- Price for Cereals; Grain Sorghum, Seed in South Africa (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Seed in South Africa
- Imports of Cereals; Grain Sorghum, Seed in South Africa
Price for Cereals; Grain Sorghum, Seed in South Africa (FOB) - 2022
In 2022, the average cereals; grain sorghum, seed export price amounted to $2,442 per ton, with a decrease of -8% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 206% against the previous year. The export price peaked at $3,483 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($3,097 per ton), while the average price for exports to Lesotho ($565 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 Swaziland (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in South Africa (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $641 per ton, waning by -71.2% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,222% against the previous year. As a result, import price reached the peak level of $2,224 per ton, and then fell significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,012 per ton), while the price for the United States ($146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Grain Sorghum, Seed in South Africa
In 2022, the amount of cereals; grain sorghum, seeds exported from South Africa expanded sharply to 1K tons, surging by 9.3% against the previous year's figure. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 172%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cereals; grain sorghum, seed exports stood at $2.6M in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 234% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Seed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 30.3 | 694 | 2,179 | 1,828 | 292.2% |
| Botswana | 248 | 15.6 | 51.5 | 547 | 30.2% |
| Namibia | 98.2 | 8.8 | 9.7 | 48.6 | -20.9% |
| Madagascar | N/A | N/A | 181 | 26.9 | -85.1% |
| Angola | 8.4 | 2.6 | 67.5 | 26.1 | 45.9% |
| Lesotho | 24.8 | 8.8 | 1.4 | 7.7 | -32.3% |
| Swaziland | 9.1 | 27.0 | 21.0 | 3.0 | -30.9% |
| Others | 45.5 | 4.3 | 32.7 | 68.2 | 14.4% |
| Total | 465 | 762 | 2,544 | 2,556 | 76.5% |
Top Export Markets for Cereals; Grain Sorghum, Seed from South Africa in 2022:
- Zimbabwe (770.9 tons)
- Botswana (176.7 tons)
- Madagascar (26.1 tons)
- Namibia (23.7 tons)
- Angola (19.5 tons)
- Lesotho (13.6 tons)
- Swaziland (4.8 tons)
Imports of Cereals; Grain Sorghum, Seed in South Africa
In 2022, supplies from abroad of cereals; grain sorghum, seeds was finally on the rise to reach 1K tons after two years of decline. Overall, imports, however, saw a precipitous descent.
In value terms, cereals; grain sorghum, seed imports dropped significantly to $658K in 2022. Over the period under review, imports, however, recorded a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 5% against the previous year.
| Import of Cereals; Grain Sorghum, Seed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,508 | N/A | 1,276 | 392 | -36.2% |
| Botswana | N/A | N/A | N/A | 215 | 0% |
| Malawi | N/A | 13.8 | 7.8 | 21.6 | 25.1% |
| United States | 3,800 | 1,216 | 47.3 | 20.2 | -82.5% |
| Ukraine | 12.7 | 7.5 | 6.9 | 6.9 | -18.4% |
| Others | 86.8 | 37.3 | 1.0 | 2.7 | -68.6% |
| Total | 5,408 | 1,275 | 1,339 | 658 | -50.4% |
Top Suppliers of Cereals; Grain Sorghum, Seed to South Africa in 2022:
- Botswana (611.0 tons)
- United States (138.8 tons)
- Australia (130.0 tons)
- Malawi (121.7 tons)
- Ukraine (23.0 tons)
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