South-Eastern Asia: Sorghum Market 2024

Sorghum Market Size in South-Eastern Asia

The Southeast Asian sorghum market skyrocketed to $X in 2022, surging by X% against the previous year. The total consumption indicated a mild increase 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Sorghum Production in South-Eastern Asia

In value terms, sorghum production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Myanmar (X tons) constituted the country with the largest volume of sorghum production, comprising approx. X% of total volume. Moreover, sorghum production in Myanmar exceeded the figures recorded by the second-largest producer, Thailand (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Myanmar was relatively modest.

In 2022, the average yield of sorghum in South-Eastern Asia reduced to X tons per ha, waning by X% on the previous year's figure. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by X%. Over the period under review, the sorghum yield reached the maximum level at X tons per ha in 2021, and then declined 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, the harvested area of sorghum in South-Eastern Asia contracted to X ha, waning by X% on the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then dropped in the following year.

Sorghum Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of sorghum decreased by X% to X tons in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, sorghum exports dropped to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Myanmar (X tons) represented the largest exporter of sorghum, mixing up X% of total exports. It was distantly followed by Thailand (X tons), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sorghum exports from Myanmar stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Myanmar and Thailand increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest sorghum supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In Myanmar, sorghum exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Sorghum Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of sorghum were imported in South-Eastern Asia; increasing by X% against 2021 figures. In general, imports recorded modest growth. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sorghum imports rose markedly to $X in 2022. Overall, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Philippines (X tons) represented roughly X% of total imports in 2022.

The Philippines was also the fastest-growing in terms of the sorghum imports, with a CAGR of X% from 2012 to 2022. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported sorghum in South-Eastern Asia.

In the Philippines, sorghum imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :