Uruguay: Sorghum Market 2024

Sorghum Market Size in Uruguay

The Uruguayan sorghum market dropped modestly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sorghum Production in Uruguay

In value terms, sorghum production fell to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Sorghum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of sorghum in Uruguay rose notably to X tons per ha, with an increase of X% against the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The sorghum yield peaked 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.

In 2022, approx. X ha of sorghum were harvested in Uruguay; waning by X% on the previous year's figure. Over the period under review, the harvested area continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the harvested area increased by X%. The sorghum harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sorghum Exports

Exports from Uruguay

After two years of growth, overseas shipments of sorghum decreased by X% to X tons in 2022. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sorghum exports fell notably to $X in 2022. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for sorghum exports from Uruguay, with a X% share of total exports. Moreover, sorghum exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Bolivia (X% per year).

Export Prices by Country

In 2022, the average sorghum export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the United States ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sorghum Imports

Imports into Uruguay

In 2022, after two years of decline, there was significant growth in supplies from abroad of sorghum, when their volume increased by X% to X tons. Overall, imports showed a pronounced increase. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sorghum imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a pronounced downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Paraguay (X tons) and the United States (X tons) were the main suppliers of sorghum imports to Uruguay, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest sorghum suppliers to Uruguay were Argentina ($X), Paraguay ($X) and the United States ($X), together accounting for X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sorghum import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for the United States ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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