Guinea-Bissau: Sorghum Market 2020

Sorghum Market Size in Guinea-Bissau

The revenue of the sorghum market in Guinea-Bissau amounted to $X in 2018, growing by X% against the previous year. Over the period under review, the total market indicated a moderate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sorghum consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the sorghum market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Sorghum Production in Guinea-Bissau

In value terms, sorghum production stood at $X in 2018 estimated in export prices. In general, sorghum production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, sorghum production reached its maximum level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Average yield of sorghum in Guinea-Bissau totaled X kg per ha in 2018, standing approx. at the previous year. In general, the sorghum yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when yield increased by X% y-o-y. Over the period under review, the sorghum yield reached its maximum level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of sorghum were harvested in Guinea-Bissau; jumping by X% against the previous year. Over the period under review, the total harvested area indicated modest growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sorghum harvested area increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to sorghum production reached its maximum at X ha in 2013; however, from 2014 to 2018, harvested area stood at a somewhat lower figure.

Sorghum Exports

Exports by Country

The U.S. was the main exporter of sorghum in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2018. Australia (X tons) held an X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%). France (X tons), Ukraine (X tons) and Afghanistan (X tons) held a little share of total exports.

Exports from the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Afghanistan (+X%), Australia (+X%), Ukraine (+X%) and France (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia, Ukraine, Afghanistan and France increased by +X%, +X%, +X% and +X% percentage points, while Argentina (-X p.p.) and the U.S. (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) remains the largest sorghum supplier from Guinea-Bissau, comprising X% of global exports. The second position in the ranking was occupied by Australia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+X% per year) and Argentina (-X% per year).

Export Prices by Country

The sorghum export price in Guinea-Bissau stood at $X per ton in 2018, standing approx. at the previous year. In general, the sorghum export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other leaders experienced more modest paces of growth.

Sorghum Imports

Imports by Country

China dominates sorghum imports structure, recording X tons, which was near X% of total imports in 2018. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Spain (X%). Mexico (X tons), Sudan (X tons), Djibouti (X tons), Kenya (X tons) and Somalia (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to sorghum imports into China stood at -X%. At the same time, Somalia (+X%), Djibouti (+X%), Sudan (+X%) and Kenya (+X%) displayed positive paces of growth. Moreover, Somalia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%), Spain (-X%) and Mexico (-X%) illustrated a downward trend over the same period. While the share of Sudan (+X p.p.), Djibouti (+X p.p.) and Somalia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Japan (-X p.p.), Spain (-X p.p.), Mexico (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sorghum into Guinea-Bissau, comprising X% of global imports. The second position in the ranking was occupied by Sudan ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In China, sorghum imports plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Sudan (+X% per year) and Japan (-X% per year).

Import Prices by Country

In 2018, the sorghum import price in Guinea-Bissau amounted to $X per ton, leveling off at the previous year. Over the period under review, the sorghum import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was Sudan ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kenya, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform