Italy - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Price in Italy - 2023
Contents:
- Sorghum Price in Italy (CIF) - 2022
- Sorghum Price in Italy (FOB) - 2023
- Sorghum Imports in Italy
- Sorghum Exports in Italy
Sorghum Price in Italy (CIF) - 2022
In 2022, the average sorghum import price amounted to $363 per ton, declining by -6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 49%. As a result, import price attained the peak level of $386 per ton, and then declined in the following year.
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 France ($588 per ton), while the price for Russia ($293 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorghum Price in Italy (FOB) - 2023
The average sorghum export price stood at $715 per ton in July 2023, falling by -26.8% against the previous month. In general, the export price saw a abrupt descent. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 113% month-to-month. The export price peaked at $3,774 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Austria ($9,817 per ton), while the average price for exports to Belgium ($450 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (0.0%), while the prices for the other major destinations experienced a decline.
Sorghum Imports in Italy
Sorghum imports into Italy surged to 60K tons in 2022, picking up by 52% against 2021 figures. In general, imports, however, showed a abrupt decline.
In value terms, sorghum imports soared to $22M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Import of Sorghum in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 2.1 | 9.4 | 5.9 | 5.9 | 41.1% |
| France | 3.8 | 4.3 | 5.3 | 4.6 | 6.6% |
| Russia | N/A | N/A | N/A | 4.2 | 0% |
| Ukraine | 4.1 | 5.2 | N/A | 2.1 | -20.0% |
| Germany | N/A | 0.6 | 1.3 | 1.6 | 63.3% |
| Romania | 1.2 | 0.6 | 0.4 | 1.3 | 2.7% |
| Austria | 0.1 | 0.5 | 0.6 | 0.7 | 91.3% |
| United States | 7.8 | 0.4 | 0.4 | 0.5 | -60.0% |
| Others | 0.4 | 1.8 | 1.4 | 0.8 | 26.0% |
| Total | 19.5 | 22.8 | 15.2 | 21.7 | 3.6% |
Top Suppliers of Sorghum to Italy in 2022:
- Hungary (19.3K tons)
- Russia (14.3K tons)
- France (7.8K tons)
- Ukraine (6.0K tons)
- Germany (5.2K tons)
- Romania (4.0K tons)
- Austria (2.1K tons)
- United States (0.2K tons)
Sorghum Exports in Italy
Sorghum exports from Italy skyrocketed to 2K tons in 2022, increasing by 91% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 107%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, sorghum exports surged to $3M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sorghum in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 24.2 | 660 | 751 | 1,649 | 308.4% |
| Austria | 8.0 | 48.1 | 309 | 442 | 280.9% |
| Belgium | 7.4 | 10.6 | 51.0 | 202 | 201.1% |
| Spain | 497 | 71.7 | 44.7 | 100 | -41.4% |
| Netherlands | 55.2 | 41.8 | 69.1 | 88.5 | 17.0% |
| Germany | 171 | 655 | 130 | 82.0 | -21.7% |
| Hungary | 155 | 156 | 4.2 | 75.0 | -21.5% |
| Malta | 5.3 | 21.2 | 12.1 | 67.4 | 133.4% |
| Portugal | 291 | 1.1 | 3.9 | 53.7 | -43.1% |
| Greece | 41.0 | 65.3 | 98.1 | 46.3 | 4.1% |
| Others | 393 | 135 | 191 | 227 | -16.7% |
| Total | 1,649 | 1,866 | 1,664 | 3,033 | 22.5% |
Top Export Markets for Sorghum from Italy in 2022:
- France (922.8 tons)
- Belgium (206.0 tons)
- Austria (187.5 tons)
- Germany (149.5 tons)
- Netherlands (140.2 tons)
- Hungary (69.0 tons)
- Malta (68.3 tons)
- Spain (51.0 tons)
- Greece (39.7 tons)
- Portugal (22.2 tons)
This report provides an in-depth analysis of the sorghum market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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