Bolivia: Sorghum Market 2025

Sorghum Market Size in Bolivia

The Bolivian sorghum market amounted to $X in 2022, increasing by 2.2% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Sorghum Production in Bolivia

In value terms, sorghum production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 143% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of sorghum in Bolivia fell to X tons per ha in 2022, with a decrease of -11% against 2021. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by 51% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average sorghum yield remained 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, the total area harvested in terms of sorghum production in Bolivia dropped to X ha, shrinking by -5.2% compared with the previous year. In general, the harvested area, however, enjoyed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 54% against the previous year. The sorghum harvested area peaked at X ha in 2021, and then reduced in the following year.

Sorghum Exports

Exports from Bolivia

Sorghum exports from Bolivia shrank dramatically to X tons in 2022, waning by -93.2% compared with the previous year's figure. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of 296%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, sorghum exports fell sharply to $X in 2022. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 329%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Chile (X tons) was the main destination for sorghum exports from Bolivia, with a 87% share of total exports. Moreover, sorghum exports to Chile exceeded the volume sent to the second major destination, Argentina (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at -17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+21.6% per year) and Brazil (+42.5% per year).

In value terms, the largest markets for sorghum exported from Bolivia were Argentina ($X), Chile ($X) and Brazil ($X), with a combined 96% share of total exports.

Brazil, with a CAGR of +50.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sorghum export price stood at $X per ton in 2022, picking up by 219% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile ($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 Argentina (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sorghum Imports

Imports into Bolivia

In 2022, supplies from abroad of sorghum was finally on the rise to reach X tons after two years of decline. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sorghum imports soared to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 58%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sorghum to Bolivia, with a 73% share of total imports. Moreover, sorghum imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+58.4% per year) and Argentina (-9.3% per year).

In value terms, the United States ($X) constituted the largest supplier of sorghum to Bolivia, comprising 72% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+64.1% per year) and Argentina (-10.8% per year).

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, reducing by -34.9% against the previous year. In general, the import price showed a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform