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

Sorghum Market Size in Norway

For the tenth consecutive year, the Norwegian sorghum market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption saw a sharp descent. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Sorghum consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Sorghum Exports

Exports from Norway

Sorghum exports from Norway stood at X kg in 2020, therefore, remained relatively stable against the year before. Over the period under review, exports recorded a significant decrease. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, sorghum exports amounted to $X in 2020. In general, exports faced a abrupt descent. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The UK (X kg) was the main destination for sorghum exports from Norway, accounting for a approx. X% share of total exports.

From 2007 to 2016, the average annual growth rate of volume to the UK was relatively modest.

From 2007 to 2016, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average sorghum export price stood at $X per tonne in 2016, almost unchanged from the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum in 2016 and is likely to see steady growth in the near future.

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

From 2007 to 2016, the rate of growth in terms of prices for the UK amounted to X% per year.

Sorghum Imports

Imports into Norway

In 2020, the amount of sorghum imported into Norway declined sharply to X tonnes, which is down by -X% on the previous year. Overall, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, sorghum imports declined remarkably to $X in 2020. Over the period under review, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Thailand (X tonnes) constituted the largest sorghum supplier to Norway, with a X% share of total imports. Moreover, sorghum imports from Thailand exceeded the figures recorded by the second-largest supplier, Denmark (X kg), sixfold.

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

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

From 2007 to 2020, the average annual growth rate of value from Thailand stood at +X%.

Import Prices by Country

In 2020, the average sorghum import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price recorded a remarkable 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 Thailand ($X per tonne), while the price for Denmark totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+X% per year).

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), together comprising 35% of global production.
What are the leading suppliers of sorghum to Norway?
+
In value terms, Thailand ($3.9K) constituted the largest supplier of sorghum to Norway, comprising 92% of total imports. The second position in the ranking was occupied by Denmark ($337), with a 8% share of total imports.
What is the average export price for sorghum in Norway?
+
In 2016, the average sorghum export price amounted to $1,790 per tonne, leveling off at the previous year.
What is the average import price for sorghum in Norway?
+
In 2020, the average sorghum import price amounted to $1,533 per tonne, increasing by 208% against the previous year.

Product coverage:
• FCL 83 - Sorghum

This report provides an in-depth analysis of the sorghum market in Norway. 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:
• Norway

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Norway
• 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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