Ecuador: Sorghum Market 2025

Sorghum Market Size in Ecuador

After two years of growth, the Ecuadorian sorghum market decreased by less than 0.1% to $X in 2022. Overall, consumption saw a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sorghum Production in Ecuador

In value terms, sorghum production totaled $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 231%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average sorghum yield in Ecuador reached X tons per ha, approximately reflecting the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.8%. The sorghum yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the 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.

In 2022, the total area harvested in terms of sorghum production in Ecuador fell modestly to X ha, almost unchanged from the year before. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by 6.1%. The sorghum harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Sorghum Exports

Exports from Ecuador

In 2015, after two years of decline, there was decline in shipments abroad of sorghum, when their volume decreased by 0% to X tons. Overall, exports saw a abrupt contraction. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2015, the exports stood at a somewhat lower figure.

In value terms, sorghum exports stood at $X in 2015. Over the period under review, exports showed a noticeable decline. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2015, the average annual rate of growth in terms of volume to Oman was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Oman was relatively modest.

Export Prices by Country

In 2015, the average sorghum export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2013 a decrease of 99.9%. Over the period under review, the average export prices attained the maximum in 2015 and is expected to retain growth in the near future.

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

From 2012 to 2015, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Sorghum Imports

Imports into Ecuador

In 2022, purchases abroad of sorghum was finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, imports, however, continue to indicate a sharp downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sorghum imports fell slightly to $X in 2022. In general, imports, however, faced a dramatic contraction. The pace of growth was the most pronounced in 2014 when imports increased by 15% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main supplier of sorghum to Ecuador, accounting for a 98% share of total imports. It was followed by the United States (X kg), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled -48.0%.

In value terms, Argentina ($X) constituted the largest supplier of sorghum to Ecuador, comprising 97% of total imports. The second position in the ranking was held by the United States ($X), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to -31.9%.

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, falling by -2.4% against the previous year. Overall, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 86% against the previous year. The import price peaked at $X per ton in 2021, and then declined modestly in the following year.

Average prices varied somewhat 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 Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+30.9%).

Source: IndexBox Platform

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