Italy: Sorghum Market 2024

Sorghum Market Size in Italy

The Italian sorghum market expanded significantly to $X in 2022, growing by 15% against the previous year. Over the period under review, consumption posted strong growth. Sorghum consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sorghum Production in Italy

In value terms, sorghum production shrank modestly to $X in 2022 estimated in export price. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 292% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of sorghum in Italy rose markedly to X tons per ha in 2022, increasing by 8.7% against the previous year's figure. The yield figure increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 48% against the previous year. The sorghum yield peaked at X tons per ha in 2018; however, from 2019 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, the total area harvested in terms of sorghum production in Italy soared to X ha, rising by 20% against the year before. The harvested area increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 32%. Over the period under review, the harvested area dedicated to sorghum production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Sorghum Exports

Exports from Italy

Sorghum exports from Italy skyrocketed to X tons in 2022, rising by 90% on the year before. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 109% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sorghum exports soared to $X in 2022. Overall, exports recorded a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of 173% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons), Belgium (X tons) and Austria (X tons) were the main destinations of sorghum exports from Italy, together accounting for 74% of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +104.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for sorghum exports from Italy, comprising 53% of total exports. The second position in the ranking was held by Austria ($X), with a 16% share of total exports. It was followed by Belgium, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+89.2% per year) and Belgium (-13.3% per year).

Export Prices by Country

In 2022, the average sorghum export price amounted to $X per ton, which is down by -6.2% against the previous year. In general, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2019 when the average export price increased by 267%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Poland (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sorghum Imports

Imports into Italy

Sorghum imports into Italy soared to X tons in 2022, with an increase of 45% compared with 2021. Over the period under review, imports posted a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of 182%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sorghum imports soared to $X in 2022. In general, imports saw pronounced growth. The pace of growth appeared the most rapid in 2013 when imports increased by 175%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hungary (X tons), Russia (X tons) and France (X tons) were the main suppliers of sorghum imports to Italy, with a combined 68% share of total imports. Ukraine, Germany, Romania and Austria lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), France ($X) and Russia ($X) constituted the largest sorghum suppliers to Italy, with a combined 67% share of total imports. Ukraine, Germany, Romania and Austria lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Austria, with a CAGR of +38.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, reducing by -3.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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