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Finland - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Sorghum Market Overview 2021

Sorghum Market Size in Finland

In 2020, the Finnish sorghum market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a sharp descent. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Sorghum consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Sorghum Production in Finland

In value terms, sorghum production dropped to $X in 2020 estimated in export prices. In general, production continues to indicate a dramatic decline. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

In 2020, the average sorghum yield in Finland was estimated at X kg per ha, approximately reflecting the year before. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sorghum harvested area in Finland was estimated at X ha in 2020, approximately equating 2019. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Sorghum Exports

Exports from Finland

In 2020, shipments abroad of sorghum decreased by -X% to X tonnes, falling for the third year in a row after five years of growth. Over the period under review, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, sorghum exports declined remarkably to $X in 2020. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for sorghum exports from Finland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands totaled -X%.

In value terms, the Netherlands ($X) also remains the key foreign market for sorghum exports from Finland.

From 2007 to 2020, the average annual growth rate of value to the Netherlands totaled -X%.

Export Prices by Country

The average sorghum export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2017 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2020, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Sorghum Imports

Imports into Finland

For the fifth year in a row, Finland recorded decline in purchases abroad of sorghum, which decreased by -X% to X kg in 2020. Overall, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, sorghum imports dropped dramatically to $X in 2020. In general, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the UK (X kg) constituted the largest sorghum supplier to Finland, accounting for a X% share of total imports. Moreover, sorghum imports from the UK exceeded the figures recorded by the second-largest supplier, the U.S. (X kg), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the UK amounted to -X%.

In value terms, the U.S. ($X) constituted the largest supplier of sorghum to Finland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. was relatively modest.

Import Prices by Country

The average sorghum import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the import price enjoyed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for the UK stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sorghum in the world?
+
The countries with the highest volumes of sorghum consumption in 2020 were China (8.6M tonnes), Nigeria (6.5M tonnes) and Ethiopia (5.7M tonnes), with a combined 37% share of global consumption.
What are the largest producers of sorghum in the world?
+
The countries with the highest volumes of sorghum production in 2020 were the U.S. (8.4M tonnes), Nigeria (6.5M tonnes) and Ethiopia (5.6M tonnes), with a combined 35% share of global production.
What are the leading suppliers of sorghum to Finland?
+
In value terms, the U.S. ($1.1K) constituted the largest supplier of sorghum to Finland, comprising 95% of total imports. The second position in the ranking was occupied by the UK ($53), with a 4.7% share of total imports.
What are the leading importers of sorghum from Finland?
+
In value terms, the Netherlands ($525) remains the key foreign market for sorghum exports from Finland.
What is the average export price for sorghum in Finland?
+
In 2020, the average sorghum export price amounted to $425 per tonne, surging by 51% against the previous year.
What is the average import price for sorghum in Finland?
+
The average sorghum import price stood at $28,610 per tonne in 2020, surging by 1,921% against the previous year.

Product coverage:
• FCL 83 - Sorghum

This report provides an in-depth analysis of the sorghum market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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