United Kingdom - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Price in the UK - 2023
Contents:
- Sorghum Price in the UK (CIF) - 2022
- Sorghum Price in the UK (FOB) - 2022
- Sorghum Imports in the UK
- Sorghum Exports in the UK
Sorghum Price in the UK (CIF) - 2022
In 2022, the average sorghum import price amounted to $367 per ton, with a decrease of -47.8% against the previous year. Over the period under review, the import price saw a slight setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 36%. The import price peaked at $704 per ton in 2021, and then dropped significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($867 per ton), while the price for France ($312 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorghum Price in the UK (FOB) - 2022
In 2022, the average sorghum export price amounted to $2,665 per ton, picking up by 20% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorghum export price increased by +107.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum at $2,940 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($32,552 per ton), while the average price for exports to Germany ($675 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 the United States (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sorghum Imports in the UK
In 2022, supplies from abroad of sorghum decreased by -45.3% to 13K tons, falling for the second year in a row after two years of growth. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 9.3% against the previous year. As a result, imports reached the peak of 26K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sorghum imports fell markedly to $4.8M in 2022. Over the period under review, imports faced a dramatic descent. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year.
| Import of Sorghum in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.9 | 2.6 | 4.6 | 3.6 | 7.5% |
| Ukraine | N/A | N/A | 0.1 | 0.3 | 200.0% |
| India | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Netherlands | 1.0 | 0.1 | 0.3 | 0.1 | -53.6% |
| Poland | 1.1 | 2.5 | 2.9 | 0.1 | -55.0% |
| Bulgaria | 2.8 | 4.0 | 4.1 | N/A | 21.0% |
| Spain | 1.0 | 1.9 | 1.3 | N/A | 14.0% |
| Belgium | 1.4 | 1.5 | 1.7 | N/A | 10.2% |
| Germany | 0.4 | 1.2 | 1.1 | N/A | 65.8% |
| Others | 0.5 | 0.2 | 0.3 | 0.5 | 0.0% |
| Total | 11.3 | 14.2 | 16.8 | 4.8 | -24.8% |
Top Suppliers of Sorghum to the UK in 2022:
- France (11.5K tons)
- Ukraine (0.7K tons)
- India (0.3K tons)
- Netherlands (0.1K tons)
- Poland (0.1K tons)
- Germany (0.1K tons)
Sorghum Exports in the UK
In 2022, the amount of sorghum exported from the UK surged to 65 tons, jumping by 83% on the year before. Overall, exports, however, continue to indicate a precipitous descent.
In value terms, sorghum exports skyrocketed to $174K in 2022. In general, exports, however, continue to indicate a sharp decline.
| Export of Sorghum in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 18.0 | 33.4 | 15.6 | 102 | 78.3% |
| United States | N/A | N/A | N/A | 45.7 | 0% |
| Ireland | 500 | 479 | 21.8 | 15.0 | -68.9% |
| Greece | N/A | N/A | 2.1 | 5.3 | 152.4% |
| Germany | 3.8 | N/A | N/A | 2.8 | -9.7% |
| Netherlands | N/A | 0.1 | N/A | 1.5 | 287.3% |
| Sweden | N/A | 60.5 | 1.3 | 1.2 | -85.9% |
| Belgium | 14.2 | 130 | N/A | N/A | 815.5% |
| France | 123 | 0.2 | N/A | N/A | -99.8% |
| South Africa | 36.7 | N/A | N/A | N/A | 0% |
| Others | 10.2 | 61.6 | 38.0 | N/A | 93.0% |
| Total | 706 | 765 | 78.8 | 174 | -37.3% |
Top Export Markets for Sorghum from the UK in 2022:
- Denmark (44.0 tons)
- Ireland (8.7 tons)
- Greece (5.3 tons)
- Germany (4.1 tons)
- United States (1.4 tons)
- Netherlands (1.0 tons)
- Sweden (0.7 tons)
This report provides an in-depth analysis of the sorghum market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 March 2023, the price of Sorghum reached $720 per ton (CIF, United Kingdom), exhibiting a 22% increase compared to the previous month.
