India: Sorghum Market 2024

Sorghum Market Size in India

The Indian sorghum market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sorghum Production in India

In value terms, sorghum production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average sorghum yield in India shrank to X tons per ha, declining by X% compared with 2021 figures. The yield figure 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 pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. Over the period under review, the average sorghum yield hit record highs at X tons per ha in 2021, and then contracted in the following year. 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 India; increasing by X% on the year before. Overall, the harvested area, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The sorghum harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Sorghum Exports

Exports from India

In 2022, the amount of sorghum exported from India shrank markedly to X tons, with a decrease of X% on the previous year. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sorghum exports shrank sharply to $X in 2022. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and Saudi Arabia (X tons) were the main destinations of sorghum exports from India, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Bangladesh ($X) were the largest markets for sorghum exported from India worldwide, together comprising X% of total exports.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sorghum export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price 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, sorghum export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Bangladesh ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorghum Imports

Imports into India

In 2022, the amount of sorghum imported into India fell dramatically to X kg, which is down by X% on the previous year's figure. Over the period under review, imports faced a sharp setback. The smallest decline of X% was in 2021. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sorghum imports declined remarkably to $X in 2022. Overall, imports recorded a dramatic decrease. The smallest decline of X% was in 2021. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X kg), Australia (X kg) and Nigeria (X kg) were the main suppliers of sorghum imports to India, together comprising X% of total imports.

From 2020 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sorghum suppliers to India were Argentina ($X), Australia ($X) and Nigeria ($X), together accounting for X% of total imports.

Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sorghum import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price saw a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($X per ton), while the price for Niger ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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