Croatia - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Price in Croatia - 2023
Contents:
- Sorghum Price in Croatia (CIF) - 2022
- Sorghum Price in Croatia (FOB) - 2022
- Sorghum Imports in Croatia
- Sorghum Exports in Croatia
Sorghum Price in Croatia (CIF) - 2022
The average sorghum import price stood at $3,082 per ton in 2022, falling by -7.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 87% against the previous year. The import price peaked at $9,382 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Slovenia ($15,181 per ton), while the price for Germany ($2,472 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorghum Price in Croatia (FOB) - 2022
The average sorghum export price stood at $469 per ton in 2022, flattening at the previous year. Overall, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,795%. As a result, the export price attained the peak level of $8,555 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($473 per ton), while the average price for exports to Bosnia and Herzegovina amounted to $468 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+51.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sorghum Imports in Croatia
In 2022, approx. 65 tons of sorghum were imported into Croatia; with an increase of 21% on the previous year. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 128%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, sorghum imports stood at $199K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 81%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Sorghum in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 14.1 | 72.6 | 150 | 226.2% |
| Slovenia | N/A | N/A | N/A | 24.8 | 0% |
| Hungary | 37.1 | N/A | N/A | 21.4 | -16.8% |
| France | N/A | N/A | 91.2 | 1.6 | -98.2% |
| Italy | 117 | 84.1 | 13.5 | 1.0 | -79.6% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 154 | 98.2 | 178 | 199 | 8.9% |
Top Suppliers of Sorghum to Croatia in 2022:
- Germany (60.7 tons)
- Hungary (1.8 tons)
- Slovenia (1.6 tons)
- Italy (0.3 tons)
- France (0.2 tons)
Sorghum Exports in Croatia
In 2022, approx. 13 tons of sorghum were exported from Croatia; which is down by -63.5% against the year before. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
In value terms, sorghum exports declined rapidly to $6.1K in 2022. Overall, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, the exports reached the peak of $17K, and then dropped notably in the following year.
| Export of Sorghum in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 10.5 | 5.6 | 8.9 | 5.7 | -18.4% |
| Slovenia | 5.3 | 2.0 | 7.8 | 0.4 | -57.7% |
| Serbia | N/A | 4.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.7 | 11.7 | 16.7 | 6.1 | -27.0% |
Top Export Markets for Sorghum from Croatia in 2022:
- Bosnia and Herzegovina (12.2 tons)
- Slovenia (0.8 tons)
This report provides an in-depth analysis of the sorghum market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 83 - Sorghum
Country coverage:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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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.
