Price for Cereals; Grain Sorghum, Other than Seed in Egypt - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Egypt (FOB) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Egypt (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Egypt
- Imports of Cereals; Grain Sorghum, Other than Seed in Egypt
Price for Cereals; Grain Sorghum, Other than Seed in Egypt (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $329 per ton, surging by 11% against the previous year. Overall, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Jordan ($329 per ton) and Portugal ($329 per ton), while the average price for exports to Morocco ($329 per ton) and Kenya ($329 per ton) were amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Other than Seed in Egypt (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $276 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the import price posted a measured expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($1,601 per ton), while the price for India amounted to $137 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+527.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Grain Sorghum, Other than Seed in Egypt
In 2022, approx. 449 tons of cereals; grain sorghum, other than seeds were exported from Egypt; waning by -71.7% on the previous year. Overall, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 925%. As a result, the exports reached the peak of 1.6K tons, and then declined significantly in the following year.
In value terms, exports of cereals; grain sorghum, other than seeds reduced markedly to $148K in 2022. In general, exports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,187%. As a result, the exports attained the peak of $469K, and then contracted markedly in the following year.
| Export of Cereals; Grain Sorghum, Other than Seed in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 5.4 | 2.1 | 18.9 | 66.1 | 130.5% |
| Turkey | 33.3 | 6.7 | 31.0 | 29.0 | -4.5% |
| Morocco | 6.4 | 1.6 | 14.9 | 28.3 | 64.1% |
| Kenya | N/A | N/A | N/A | 18.4 | 0% |
| Jordan | 6.9 | 15.4 | 89.7 | 5.8 | -5.6% |
| Belgium | 8.2 | 2.0 | 10.7 | N/A | 14.2% |
| Lebanon | 4.9 | 0.8 | 15.1 | N/A | 75.5% |
| Oman | 15.0 | N/A | N/A | N/A | 0% |
| Netherlands | 20.4 | 2.8 | 18.3 | N/A | -5.3% |
| Madagascar | N/A | N/A | 220 | N/A | 0% |
| Pakistan | 17.4 | N/A | N/A | N/A | 0% |
| Others | 16.5 | 5.2 | 50.9 | N/A | 75.6% |
| Total | 135 | 36.5 | 469 | 148 | 3.1% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Egypt in 2022:
- Portugal (201.0 tons)
- Turkey (88.1 tons)
- Morocco (86.2 tons)
- Kenya (56.0 tons)
- Jordan (17.7 tons)
Imports of Cereals; Grain Sorghum, Other than Seed in Egypt
Imports of cereals; grain sorghum, other than seeds into Egypt shrank markedly to 21 tons in 2022, with a decrease of -55% against the year before. Overall, imports faced a significant decrease.
In value terms, imports of cereals; grain sorghum, other than seeds dropped dramatically to $5.7K in 2022. In general, imports recorded a sharp decline.
| Import of Cereals; Grain Sorghum, Other than Seed in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Turkey | 10.1 | 3.1 | -69.3% | ||
| India | 1.3 | 2.6 | 100.0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 11.4 | 5.7 | -50.0% | ||
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Egypt in 2022:
- India (18.7 tons)
- Turkey (1.9 tons)
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