Price for Cereals; Grain Sorghum, Other than Seed in New Zealand - 2024
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in New Zealand (CIF) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in New Zealand (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in New Zealand
- Exports of Cereals; Grain Sorghum, Other than Seed in New Zealand
Price for Cereals; Grain Sorghum, Other than Seed in New Zealand (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $389 per ton in 2022, surging by 24% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereals; grain sorghum, other than seeds increased by +62.7% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 34%. Over the period under review, average import prices attained the maximum at $515 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +3.2% per year.
Price for Cereals; Grain Sorghum, Other than Seed in New Zealand (FOB) - 2022
In 2022, the average export price for cereals; grain sorghum, other than seeds amounted to $19,400 per ton, leveling off at the previous year. Overall, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 119%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 Australia ($43,000 per ton), while the average price for exports to Fiji stood at $13,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+38.3%).
Imports of Cereals; Grain Sorghum, Other than Seed in New Zealand
Imports of cereals; grain sorghum, other than seeds into New Zealand soared to 41K tons in 2022, rising by 4,924% compared with the year before. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 54,054% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of cereals; grain sorghum, other than seeds soared to $16M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 34,237%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Cereals; Grain Sorghum, Other than Seed in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | 8.4 | 0.3 | 15.9 | 37.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 8.4 | 0.3 | 15.9 | 37.6% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to New Zealand in 2022:
- Australia (40.9K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in New Zealand
In 2022, exports of cereals; grain sorghum, other than seeds from New Zealand stood at 15 kg, approximately mirroring the previous year. Overall, exports recorded a sharp slump. The smallest decline of -26% was in 2020.
In value terms, exports of cereals; grain sorghum, other than seeds totaled $291 in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $581. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cereals; Grain Sorghum, Other than Seed in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 225 | 338 | N/A | 162 | -10.4% |
| Australia | 89.0 | 243 | N/A | 129 | 13.2% |
| Hong Kong SAR | 44.0 | N/A | N/A | N/A | 0% |
| Others | 1.0 | N/A | N/A | N/A | 0% |
| Total | 359 | 581 | N/A | 291 | -6.8% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from New Zealand in 2022:
- Fiji (12.0 kg)
- Australia (3.0 kg)
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