Report Update Apr 1, 2024

Sri Lanka - Sorghum - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Sorghum Market 2024

Sorghum Market Size in Sri Lanka

The Sri Lankan sorghum market amounted to $X in 2022, stabilizing at the previous year. In general, consumption, however, posted a perceptible expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Sorghum Production in Sri Lanka

In value terms, sorghum production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of sorghum in Sri Lanka fell slightly to X tons per ha in 2022, dropping by X% compared with 2021. Over the period under review, the yield indicated measured growth 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the average sorghum yield hit record highs at X tons per ha in 2017; however, from 2018 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 Sri Lanka stood at X ha in 2022, surging by X% against the year before. Overall, the harvested area continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the sorghum harvested area remained at a lower figure.

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Sorghum Exports

Exports from Sri Lanka

In 2014, the amount of sorghum exported from Sri Lanka was estimated at X kg, almost unchanged from 2013 figures. Overall, exports continue to indicate a sharp contraction. The smallest decline of X% was in 2013. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

In value terms, sorghum exports stood at $X in 2014. In general, exports recorded a significant decrease. The smallest decline of X% was in 2013. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2014, the exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for sorghum exports from Sri Lanka, accounting for a X% share of total exports. Moreover, sorghum exports to Qatar exceeded the volume sent to the second major destination, New Zealand (X kg), more than tenfold.

From 2012 to 2014, the average annual growth rate of volume to Qatar was relatively modest.

From 2012 to 2014, the average annual growth rate of value to Qatar was relatively modest.

Export Prices by Country

In 2014, the average sorghum export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price faced a sharp reduction. The growth pace was the most rapid in 2013 a decrease of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2014, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Qatar stood at $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorghum Imports

Imports into Sri Lanka

Sorghum imports into Sri Lanka declined significantly to X tons in 2022, reducing by X% on the previous year's figure. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, sorghum imports contracted notably to $X in 2022. Overall, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main supplier of sorghum to Sri Lanka, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of sorghum to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from India totaled X%.

Import Prices by Country

The average sorghum import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

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

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Frequently Asked Questions (FAQ) :

What are the largest markets for sorghum in the world?

China constituted the country with the largest volume of sorghum consumption, accounting for 21% of total volume. Moreover, sorghum consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, twofold. The third position in this ranking was taken by Ethiopia, with a 7.8% share.

What are the largest producers of sorghum in the world?

The countries with the highest volumes of production in 2022 were the United States, Nigeria and India, with a combined 36% share of global production.

What are the leading suppliers of sorghum to Sri Lanka?

In value terms, India constituted the largest supplier of sorghum to Sri Lanka.

What is the average export price for sorghum in Sri Lanka?

In 2014, the average sorghum export price amounted to $100 per ton, leveling off at the previous year.

What is the average import price for sorghum in Sri Lanka?

The average sorghum import price stood at $710 per ton in 2022, with an increase of 8.9% against the previous year.

This report provides an in-depth analysis of the sorghum market in Sri Lanka. 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 2030.

Product coverage:

FCL 83 - Sorghum

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023