Report Update Jan 1, 2025

Hong Kong SAR, China - Sorghum - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Sorghum Market 2025

Sorghum Market Size in Hong Kong SAR, China

The Hong Kong sorghum market declined slightly to $X in 2022, leveling off at the previous year. Overall, consumption continues to indicate a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sorghum Production in Hong Kong SAR, China

In value terms, sorghum production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 1.1%. 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 Hong Kong SAR stood at less than X kg per ha in 2022, therefore, remained relatively stable against the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sorghum were harvested in Hong Kong SAR; remaining relatively unchanged against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Sorghum Exports

Exports from Hong Kong SAR, China

In 2017, overseas shipments of sorghum decreased by 0% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 9,581%. Over the period under review, the exports reached the peak figure in 2017 and are likely to see gradual growth in years to come.

In value terms, sorghum exports amounted to $X in 2017. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 5,424%. Over the period under review, the exports reached the maximum in 2017 and are likely to see steady growth in years to come.

Exports by Country

Israel (X tons) was the main destination for sorghum exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Israel stood at +516.0%.

From 2012 to 2017, the average annual rate of growth in terms of value to Israel stood at +389.4%.

Export Prices by Country

In 2017, the average sorghum export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a sharp contraction. The pace of growth appeared the most rapid in 2014 a decrease of -41.4% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2017, the export prices failed to regain momentum.

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

From 2012 to 2017, the rate of growth in terms of prices for Israel amounted to -20.5% per year.

Sorghum Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of sorghum decreased by -95.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 562%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sorghum imports contracted notably to $X in 2022. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 966% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, China (X tons) was the main sorghum supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.6%.

In value terms, China ($X) constituted the largest supplier of sorghum to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.7%.

Import Prices by Country

The average sorghum import price stood at $X per ton in 2022, declining by -14.2% against the previous year. Over the period under review, the import price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 202%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +28.9% per year.

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, together accounting for 35% 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 Hong Kong SAR, China?

In value terms, the United States constituted the largest supplier of sorghum to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was occupied by China, with a 23% share of total imports.

What is the average export price for sorghum in Hong Kong SAR, China?

The average sorghum export price stood at $160 per ton in 2017, remaining constant against the previous year.

What is the average import price for sorghum in Hong Kong SAR, China?

In 2021, the average sorghum import price amounted to $1,958 per ton, which is down by -59.1% against the previous year.

This report provides an in-depth analysis of the sorghum market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024