EU: Sorghum Market 2024

Sorghum Market Size in the EU

The EU sorghum market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Sorghum Production in the EU

In value terms, sorghum production stood at $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were France (X tons), Italy (X tons) and Hungary (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Hungary (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average sorghum yield in the European Union reached X tons per ha, surging by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the sorghum yield reached the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sorghum in the European Union stood at X ha, picking up by X% against 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the sorghum harvested area failed to regain momentum.

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Sorghum Exports

Exports in the EU

In 2022, shipments abroad of sorghum decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, sorghum exports expanded notably to $X in 2022. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

France was the major exporter of sorghum in the European Union, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hungary (X tons), committing a X% share of total exports. Austria (X tons), Romania (X tons), the Netherlands (X tons), Spain (X tons) and Slovakia (X tons) followed a long way behind the leaders.

Exports from France increased at an average annual rate of X% from 2012 to 2022. At the same time, Austria (X%), Slovakia (X%), Hungary (X%), Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Romania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, Austria, France and Slovakia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest sorghum supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In France, sorghum exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Austria ($X 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 (X%), while the other leaders experienced more modest paces of growth.

Sorghum Imports

Imports in the EU

Sorghum imports skyrocketed to X tons in 2022, jumping by X% compared with 2021 figures. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sorghum imports soared to $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain represented the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Italy (X tons), Belgium (X tons) and Poland (X tons), together comprising a X% share of total imports. The Netherlands (X tons), Germany (X tons) and Portugal (X tons) took a relatively small share of total imports.

Spain was also the fastest-growing in terms of the sorghum imports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), Belgium (X%) and Italy (X%) displayed positive paces of growth. Portugal experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.), Belgium (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported sorghum in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

In Spain, sorghum imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a tangible expansion. The growth pace was the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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