South Africa - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Price in South Africa - 2023
Contents:
- Sorghum Price in South Africa (FOB) - 2022
- Sorghum Price in South Africa (CIF) - 2022
- Sorghum Exports in South Africa
- Sorghum Imports in South Africa
Sorghum Price in South Africa (FOB) - 2022
The average sorghum export price stood at $411 per ton in 2022, which is down by -40.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $688 per ton, and then fell notably in the following year.
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 Zimbabwe ($2,357 per ton), while the average price for exports to Swaziland ($283 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 Zimbabwe (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sorghum Price in South Africa (CIF) - 2022
In 2022, the average sorghum import price amounted to $268 per ton, picking up by 12% against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. Over the period under review, average import prices reached the maximum at $1,248 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Botswana ($144 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorghum Exports in South Africa
In 2022, approx. 19K tons of sorghum were exported from South Africa; jumping by 171% on 2021 figures. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sorghum exports skyrocketed to $7.8M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sorghum in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 0.4 | 0.1 | 1.0 | 4.5 | 124.1% |
| Zimbabwe | 0.3 | 1.9 | 2.2 | 1.9 | 85.0% |
| Swaziland | 1.0 | 1.1 | 1.1 | 1.0 | 0.0% |
| Namibia | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Others | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| Total | 2.2 | 3.4 | 4.8 | 7.8 | 52.5% |
Top Export Markets for Sorghum from South Africa in 2022:
- Botswana (14.0K tons)
- Swaziland (3.4K tons)
- Zimbabwe (0.8K tons)
- Namibia (0.3K tons)
Sorghum Imports in South Africa
In 2022, approx. 3.4K tons of sorghum were imported into South Africa; shrinking by -73.8% compared with the previous year. In general, imports saw a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 8.8%.
In value terms, sorghum imports reduced rapidly to $912K in 2022. Over the period under review, imports showed a dramatic curtailment. The growth pace was the most rapid in 2021 when imports increased by 50%.
| Import of Sorghum in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.5 | N/A | 1.3 | 0.4 | -35.6% |
| Botswana | 0.4 | 0.8 | 1.7 | 0.4 | 0.0% |
| United States | 11.8 | 1.2 | N/A | N/A | -89.8% |
| Malawi | N/A | N/A | N/A | N/A | 0% |
| Ukraine | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 13.9 | 2.1 | 3.1 | 0.9 | -59.8% |
Top Suppliers of Sorghum to South Africa in 2022:
- Botswana (2878.8 tons)
- Malawi (223.9 tons)
- Australia (130.0 tons)
- Ukraine (89.9 tons)
- United States (70.6 tons)
This report provides an in-depth analysis of the sorghum market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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