Russian Federation: Sorghum Market 2024

Sorghum Market Size in the Russian Federation

The Russian sorghum market reduced rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption saw a noticeable decline. Sorghum consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sorghum Production in the Russian Federation

In value terms, sorghum production shrank to $X in 2022 estimated in export price. Overall, production saw a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 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 Russia reduced to X tons per ha, with a decrease of X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The sorghum yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. 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 Russia reduced remarkably to X ha in 2022, dropping by X% on the year before. In general, the harvested area, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sorghum production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

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Sorghum Exports

Exports from the Russian Federation

After seven years of decline, overseas shipments of sorghum increased by X% to X tons in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sorghum exports surged to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for sorghum exports from Russia, accounting for a X% share of total exports. Moreover, sorghum exports to Italy exceeded the volume sent to the second major destination, Israel (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Turkey (X% per year).

In value terms, the largest markets for sorghum exported from Russia were Italy ($X), Israel ($X) and Tanzania ($X), together comprising X% of total exports. Turkey, Spain, Kazakhstan, Poland and Jordan lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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, waning by X% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Italy ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorghum Imports

Imports into the Russian Federation

In 2022, supplies from abroad of sorghum decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, sorghum imports shrank modestly to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), France (X tons) and Australia (X tons) were the main suppliers of sorghum imports to Russia, with a combined X% share of total imports.

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

In value terms, France ($X) constituted the largest supplier of sorghum to Russia, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Austria (X% per year).

Import Prices by Country

The average sorghum import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, showed a mild downturn. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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