U.S. - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Prices in the United States
U.S. Sorghum Export Price per Ton in August 2022
In August 2022, the sorghum price per ton amounted to $319.2 (FOB, US), waning by -18.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 11% month-to-month. As a result, the export price reached the peak level of $405.6 per ton. From July 2022 to August 2022, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In August 2022, the highest price was recorded for prices to Yemen ($342.0 per ton) and China ($320.0 per ton), while the average price for exports to Mexico ($294.0 per ton) and Djibouti ($303.0 per ton) were amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Sorghum Exports
Sorghum exports from the United States shrank markedly to 286K tons in August 2022, declining by -30.2% on July 2022. In general, exports recorded a deep setback. The growth pace was the most rapid in February 2022 when exports increased by 63% against the previous month.
In value terms, sorghum exports declined remarkably to $91M (IndexBox estimates) in August 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in February 2022 with an increase of 75% m-o-m.
U.S. Sorghum Exports by Country
China (142K tons) was the main destination for sorghum exports from the United States, with a 50% share of total exports. Moreover, sorghum exports to China exceeded the volume sent to the second major destination, Mexico (60K tons), twofold. Yemen (30K tons) ranked third in terms of total exports with an 11% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to China amounted to -16.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+18.4% per month) and Yemen (0.0% per month).
In value terms, China ($46M) remains the key foreign market for sorghum exports from the United States, comprising 50% of total exports. The second position in the ranking was taken by Mexico ($18M), with a 20% share of total exports. It was followed by Yemen, with an 11% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value to China stood at -16.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+9.9% per month) and Yemen (0.0% per month).
This report provides an in-depth analysis of the sorghum market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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This report provides an in-depth analysis of the sorghum market in the U.S..
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This report provides an in-depth analysis of the global sorghum market.
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This report provides an in-depth analysis of the sorghum market in the U.S..
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This report provides an in-depth analysis of the global sorghum market.
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In February 2023, the price of sorghum was $380 per ton (FOB, US), a decrease of 9.7% compared to the previous month.
512
In 2021, sorghum prices in the U.S. rose by 55% y/y to $5.94 per bushel or $234 per ton. This year, prices are projected to gain 2% y/y, instigated by boosting demand from China and rising fertilizer expenditures.
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Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
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In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.
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Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Baijiu (pronounced "bye-joe") is a Chinese fermented sorghum spirit that is often mixed with glutinous rice, millet, wheat, or corn. A staple alcoholic beverage in China, baijiu liquor will soon be splashing into the U.S. market.
226
In February 2023, the price of sorghum was $380 per ton (FOB, US), a decrease of 9.7% compared to the previous month.
512
In 2021, sorghum prices in the U.S. rose by 55% y/y to $5.94 per bushel or $234 per ton. This year, prices are projected to gain 2% y/y, instigated by boosting demand from China and rising fertilizer expenditures.
