U.S. - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSorghum Price in the United States - 2023
Contents:
- Sorghum Price in the United States (FOB) - 2023
- Sorghum Price in the United States (CIF) - 2022
- Sorghum Exports in the United States
- Sorghum Imports in the United States
Sorghum Price in the United States (FOB) - 2023
The average sorghum export price stood at $281 per ton in September 2023, increasing by 11% against the previous month. Over the period under review, the export price, however, showed a slight downturn. The pace of growth was the most pronounced in October 2022 when the average export price increased by 18% m-o-m. The export price peaked at $421 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Mexico ($283 per ton), while the average price for exports to China stood at $277 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.7%).
Sorghum Price in the United States (CIF) - 2022
The average sorghum import price stood at $1,582 per ton in 2022, increasing by 52% against the previous year. Over the period under review, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 269% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($3,473 per ton), while the price for India ($540 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorghum Exports in the United States
In 2022, shipments abroad of sorghum decreased by -2.6% to 6.2M tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 132% against the previous year. As a result, the exports attained the peak of 6.6M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sorghum exports expanded rapidly to $2.2B in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 149% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Sorghum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 191 | 1,145 | 1,781 | 1,813 | 111.7% |
| Mexico | 145 | 71.7 | 66.2 | 141 | -0.9% |
| Spain | 65.6 | N/A | N/A | 44.3 | -12.3% |
| Sudan | 22.5 | 17.4 | 38.2 | 43.3 | 24.4% |
| Japan | 44.0 | 46.6 | 0.3 | 7.8 | -43.8% |
| Others | 91.4 | 113 | 79.5 | 139 | 15.0% |
| Total | 560 | 1,394 | 1,965 | 2,188 | 57.5% |
Top Export Markets for Sorghum from the United States in 2022:
- Japan (undefinedM tons)
- China (5.2M tons)
- Mexico (0.4M tons)
- Sudan (0.1M tons)
- Spain (0.1M tons)
Sorghum Imports in the United States
In 2022, purchases abroad of sorghum decreased by -51.4% to 354 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sorghum imports contracted notably to $560K in 2022. Over the period under review, imports showed a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. As a result, imports attained the peak of $2M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sorghum in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 991 | 1,299 | 442 | 201 | -41.2% |
| Chile | N/A | 12.7 | 12.4 | 161 | 256.1% |
| Canada | 22.2 | 10.1 | 19.1 | 45.3 | 26.8% |
| China | 56.7 | 38.8 | 19.0 | 40.9 | -10.3% |
| India | 42.0 | N/A | 20.5 | 30.5 | -10.1% |
| Italy | 8.3 | 36.9 | 15.5 | 17.9 | 29.2% |
| Bolivia | N/A | 113 | 6.0 | 15.8 | -62.6% |
| Haiti | N/A | N/A | N/A | 12.0 | 0% |
| Uruguay | N/A | 22.7 | 12.9 | 4.1 | -57.5% |
| Germany | N/A | 44.8 | 31.6 | N/A | -29.5% |
| Mexico | 3.9 | 170 | 54.1 | N/A | 272.4% |
| Others | 40.6 | 226 | 122 | 31.5 | -8.1% |
| Total | 1,165 | 1,974 | 755 | 560 | -21.7% |
Top Suppliers of Sorghum to the United States in 2022:
- Argentina (137.6 tons)
- India (56.5 tons)
- Chile (46.3 tons)
- Canada (38.5 tons)
- China (29.2 tons)
- Italy (15.2 tons)
- Haiti (13.6 tons)
- Uruguay (5.3 tons)
- Bolivia (4.6 tons)
This report provides an in-depth analysis of the sorghum market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
748
This report provides an in-depth analysis of the sorghum market in the U.S..
927
This report provides an in-depth analysis of the cereal market in the U.S..
750
This report provides an in-depth analysis of the grain market in the U.S..
3978
This report provides an in-depth analysis of the global sorghum market.
3619
This report provides an in-depth analysis of the global cereal market.
3945
This report provides an in-depth analysis of the global grain market.
748
This report provides an in-depth analysis of the sorghum market in the U.S..
3978
This report provides an in-depth analysis of the global sorghum market.
288
In February 2023, the price of sorghum was $380 per ton (FOB, US), a decrease of 9.7% compared to the previous month.
560
In 2021, sorghum prices in the U.S. rose by 55% y/y to $5.94 per bushel or $234 per ton. This year, prices are projected to gain 2% y/y, instigated by boosting demand from China and rising fertilizer expenditures.
337
In February 2023, the price of cereal was $354 per ton (FOB US) - a decrease of -4.4% compared to the previous month.
254
Learn how to develop a successful market entry strategy for the U.S. grain market by conducting market research, complying with regulations, establishing strong partnerships, and leveraging market intelligence platforms.
262
Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
1286
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.
3769
Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
2767
Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3122
Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
1299
Baijiu (pronounced "bye-joe") is a Chinese fermented sorghum spirit that is often mixed with glutinous rice, millet, wheat, or corn. A staple alcoholic beverage in China, baijiu liquor will soon be splashing into the U.S. market.
