Bangladesh: Sorghum Market 2025

Sorghum Market Size in Bangladesh

In 2022, after two years of growth, there was significant decline in the Bangladeshi sorghum market, when its value decreased by -14.1% to $X. Overall, consumption, however, recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Sorghum Production in Bangladesh

In value terms, sorghum production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 26%. Sorghum production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sorghum in Bangladesh was estimated at X tons per ha in 2022, remaining stable against 2021 figures. In general, the yield saw a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of 7.5%. The sorghum yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat 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 Bangladesh; surging by 11% on the year before. Overall, the harvested area, however, saw a abrupt shrinkage. The sorghum harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Sorghum Exports

Exports from Bangladesh

Sorghum exports from Bangladesh fell slightly to X tons in 2019, which is down by -4.8% compared with 2018. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 364% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2019, the growth of the exports remained at a lower figure.

In value terms, sorghum exports skyrocketed to $X in 2019. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 213% against the previous year. The exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for sorghum exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Saudi Arabia stood at +341.7%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for sorghum exports from Bangladesh.

From 2012 to 2019, the average annual rate of growth in terms of value to Saudi Arabia amounted to +193.8%.

Export Prices by Country

The average sorghum export price stood at $X per ton in 2019, increasing by 25% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2018 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2019, the rate of growth in terms of prices for Malaysia amounted to -8.3% per year.

Sorghum Imports

Imports into Bangladesh

In 2022, overseas purchases of sorghum decreased by -14.4% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 139%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, sorghum imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 201%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, India (X tons) was the main sorghum supplier to Bangladesh, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +130.7%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +133.4%.

Import Prices by Country

The average sorghum import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorghum import price decreased by -23.6% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 97%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 India amounted to +1.2% per year.

Source: IndexBox Platform

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