Greece: Sorghum Market 2024

Sorghum Market Size in Greece

After four years of growth, the Greek sorghum market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate significant growth. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Sorghum Production in Greece

In value terms, sorghum production rose remarkably to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of sorghum in Greece reduced modestly to X tons per ha in 2022, flattening at the previous year's figure. In general, the yield, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the average sorghum yield attained the maximum level at X tons per ha in 2015; however, from 2016 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, approx. X ha of sorghum were harvested in Greece; which is down by X% against 2021. Overall, the harvested area, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then reduced sharply in the following year.

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Sorghum Exports

Exports from Greece

In 2022, the amount of sorghum exported from Greece declined markedly to X tons, which is down by X% against the year before. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sorghum exports declined dramatically to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for sorghum exports from Greece, with a X% share of total exports. Moreover, sorghum exports to North Macedonia exceeded the volume sent to the second major destination, Cyprus (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for sorghum exports from Greece, comprising X% of total exports. The second position in the ranking was held by Cyprus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2022, the average sorghum export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Cyprus ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sorghum Imports

Imports into Greece

In 2022, sorghum imports into Greece fell to X tons, declining by X% against the previous year. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, sorghum imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Ukraine (X tons), Moldova (X tons) and Germany (X tons) were the main suppliers of sorghum imports to Greece, with a combined X% share of total imports. Bulgaria, the United States, Italy, the Netherlands, Egypt and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), the Netherlands ($X) and Moldova ($X) were the largest sorghum suppliers to Greece, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, showed a pronounced shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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