Spain: Sorghum Market 2024

Sorghum Market Size in Spain

In 2022, the Spanish sorghum market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a resilient expansion. Sorghum consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sorghum Production in Spain

In value terms, sorghum production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average sorghum yield in Spain stood at X tons per ha, with an increase of X% compared with the previous year. In general, the yield indicated a mild increase from 2012 to 2022: its figure 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 yield decreased by X% against 2014 indices. The growth pace was the most rapid 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 failed to regain momentum. 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 Spain; picking up by X% on the previous year's figure. In general, the harvested area, however, showed a pronounced contraction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the sorghum harvested area remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sorghum Exports

Exports from Spain

In 2022, approx. X tons of sorghum were exported from Spain; with an increase of X% against the year before. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sorghum exports stood at $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for sorghum exports from Spain, accounting for a X% share of total exports. Moreover, sorghum exports to Portugal exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

In value terms, Portugal ($X) emerged as the key foreign market for sorghum exports from Spain, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

Export Prices by Country

The average sorghum export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Portugal ($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 Belgium (X%), while the prices for the other major destinations experienced a decline.

Sorghum Imports

Imports into Spain

In 2022, sorghum imports into Spain surged to X tons, growing by X% on the year before. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sorghum imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest sorghum supplier to Spain, with a X% share of total imports. Moreover, sorghum imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Ukraine (X% per year).

In value terms, the largest sorghum suppliers to Spain were the United States ($X), France ($X) and Ukraine ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :