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

Sorghum Market Size in Singapore

The Singaporean sorghum market soared to $X in 2020, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a notable expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Sorghum Exports

Exports from Singapore

In 2020, approx. X tonnes of sorghum were exported from Singapore; growing by X% on the year before. In general, exports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, sorghum exports fell slightly to $X in 2020. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Viet Nam (X tonnes) was the main destination for sorghum exports from Singapore, with a X% share of total exports. Moreover, sorghum exports to Viet Nam exceeded the volume sent to the second major destination, Malaysia (X kg), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Viet Nam amounted to +X%.

In value terms, Malaysia ($X) remains the key foreign market for sorghum exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia stood at +X%.

Export Prices by Country

The average sorghum export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Overall, the export price faced a sharp reduction. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Viet Nam totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia.

Sorghum Imports

Imports into Singapore

In 2020, approx. X tonnes of sorghum were imported into Singapore; increasing by X% against the year before. Over the period under review, imports saw temperate growth. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, sorghum imports skyrocketed to $X in 2020. In general, imports saw a strong expansion. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of sorghum to Singapore, accounting for a X% share of total imports. Moreover, sorghum imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (-X% per year).

Import Prices by Country

In 2020, the average sorghum import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sorghum import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

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), together comprising 37% 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 Singapore?
+
In value terms, the U.S. ($11K) constituted the largest supplier of sorghum to Singapore, comprising 67% of total imports. The second position in the ranking was occupied by China ($3.6K), with a 23% share of total imports. It was followed by India, with a 6.5% share.
What are the leading importers of sorghum from Singapore?
+
In value terms, Malaysia ($1.6K) remains the key foreign market for sorghum exports from Singapore, comprising 75% of total exports. The second position in the ranking was occupied by Viet Nam ($534), with a 25% share of total exports.
What is the average export price for sorghum in Singapore?
+
In 2020, the average sorghum export price amounted to $724 per tonne, with a decrease of -62.9% against the previous year.
What is the average import price for sorghum in Singapore?
+
The average sorghum import price stood at $929 per tonne in 2020, with a decrease of -2% against the previous year.

Product coverage:
• FCL 83 - Sorghum

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

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