Northern America: Sorghum Market 2024

Sorghum Market Size in Northern America

The North American sorghum market reduced to $X in 2022, waning by -8.7% against the previous year. Over the period under review, consumption continues to indicate a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sorghum Production in Northern America

In value terms, sorghum production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 42% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The United States (X tons) constituted the country with the largest volume of sorghum production, accounting for 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in the United States stood at +5.2%.

The average sorghum yield reached X tons per ha in 2022, picking up by 2.7% compared with the previous year. The yield figure increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. The level of yield peaked at X tons per ha in 2016; however, from 2017 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 harvested area of sorghum in Northern America contracted to X ha, declining by -10.7% on the year before. The total harvested area indicated a slight increase from 2012 to 2022: its figure increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorghum harvested area increased by +23.9% against 2019 indices. The most prominent rate of growth was recorded 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 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Sorghum Exports

Exports in Northern America

In 2022, the amount of sorghum exported in Northern America shrank modestly to X tons, declining by -2.6% on the previous year's figure. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2014 with an increase of 157% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sorghum exports expanded sharply to $X in 2022. In general, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 when exports increased by 196% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X tons) was the largest exporter of sorghum in Northern America, constituting 99.9% of total export.

The United States was also the fastest-growing in terms of the sorghum exports, with a CAGR of +13.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest sorghum supplier in Northern America.

In the United States, sorghum exports increased at an average annual rate of +15.4% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 14% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorghum export price increased by +86.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 45%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.5% per year.

Sorghum Imports

Imports in Northern America

After two years of growth, supplies from abroad of sorghum decreased by -51.5% to X tons in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by 554% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, sorghum imports declined to $X in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 569% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada prevails in imports structure, accounting for X tons, which was approx. 95% of total imports in 2022. It was distantly followed by the United States (X tons), comprising a 4.8% share of total imports.

Canada was also the fastest-growing in terms of the sorghum imports, with a CAGR of +6.7% from 2012 to 2022. The United States (-35.9%) illustrated a downward trend over the same period. While the share of Canada (+84 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-84.3 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported sorghum in Northern America, comprising 79% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Canada amounted to +6.5%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 82% against the previous year. In general, the import price enjoyed slight growth. The most prominent rate of growth was recorded in 2017 when the import price increased by 90%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.8%).

Source: IndexBox Platform

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