Report Update Nov 1, 2024

Azerbaijan - Sorghum - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Sorghum Market 2024

Sorghum Market Size in Azerbaijan

The Azerbaijani sorghum market dropped to $X in 2022, declining by -2% against the previous year. In general, consumption saw a significant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sorghum Production in Azerbaijan

In value terms, sorghum production reduced to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The growth pace was the most rapid in 2017 when the production volume increased by 160% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of sorghum in Azerbaijan totaled X tons per ha in 2022, growing by 5.5% against 2021. Overall, the yield showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 185% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average sorghum 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.

The sorghum harvested area in Azerbaijan expanded to X ha in 2022, growing by 3.1% against the year before. Overall, the harvested area enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when the harvested area increased by 182%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the sorghum harvested area remained at a somewhat lower figure.

Sorghum Imports

Imports into Azerbaijan

In 2021, the amount of sorghum imported into Azerbaijan stood at X tons, remaining relatively unchanged against the previous year. Overall, imports saw a significant expansion. The smallest decline of -38.5% was in 2019. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, sorghum imports stood at $X in 2021. Over the period under review, imports faced a deep setback. The smallest decline of -54.5% was in 2019. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the main sorghum supplier to Azerbaijan, with a 96% share of total imports. Moreover, sorghum imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold.

From 2018 to 2021, the average annual rate of growth in terms of volume from Russia was relatively modest.

In value terms, Russia ($X) constituted the largest supplier of sorghum to Azerbaijan, comprising 91% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.7% share of total imports.

From 2018 to 2021, the average annual rate of growth in terms of value from Russia was relatively modest.

Import Prices by Country

The average sorghum import price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price faced a dramatic downturn. The pace of growth was the most pronounced in 2019 when the average import price decreased by -26.1%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Russia amounted to $X per ton.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sorghum in the world?

The countries with the highest volumes of sorghum consumption in 2021 were China, Nigeria and Ethiopia, with a combined 35% share of global consumption.

What are the largest producers of sorghum in the world?

The countries with the highest volumes of sorghum production in 2021 were the United States, Nigeria and Ethiopia, with a combined 36% share of global production. These countries were followed by Mexico, India, China, Sudan, Brazil, Niger, Burkina Faso, Argentina, Mali and Cameroon, which together accounted for a further 46%.

What are the leading suppliers of sorghum to Azerbaijan?

In value terms, Russia constituted the largest supplier of sorghum to Azerbaijan, comprising 91% of total imports. The second position in the ranking was occupied by Turkey $108), with an 8.7% share of total imports.

What is the average import price for sorghum in Azerbaijan?

The average sorghum import price stood at $400 per ton in 2021, picking up by 100% against the previous year.

This report provides an in-depth analysis of the sorghum market in Azerbaijan. 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:

Azerbaijan

Data coverage:

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