Report Update May 1, 2025

Panama - Sorghum - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Sorghum Market 2025

Sorghum Market Size in Panama

The Panamanian sorghum market dropped sharply to $X in 2022, which is down by -44.2% against the previous year. In general, consumption recorded a deep reduction. Sorghum consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sorghum Production in Panama

In value terms, sorghum production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous decline. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of sorghum in Panama dropped significantly to X tons per ha in 2022, which is down by -45.5% compared with 2021. Overall, the yield continues to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 991% against the previous year. Over the period under review, the average sorghum yield reached the maximum level at X tons per ha in 2013; however, from 2014 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 Panama reached X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 19%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the sorghum harvested area remained at a lower figure.

Sorghum Exports

Exports from Panama

In 2020, the amount of sorghum exported from Panama was estimated at X tons, almost unchanged from the previous year. Overall, exports continue to indicate a perceptible decline. The smallest decline of 99.9% was in 2017. The exports peaked at X tons in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

In value terms, sorghum exports stood at $X in 2020. In general, exports enjoyed a prominent increase. The smallest decline of 99.9% was in 2017. The exports peaked at $X in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2014 to 2020, the average annual rate of growth in terms of volume to Curacao was relatively modest.

From 2014 to 2020, the average annual growth rate of value to Curacao was relatively modest.

Export Prices by Country

The average sorghum export price stood at $X per ton in 2020, approximately reflecting the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.

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

From 2014 to 2020, the rate of growth in terms of prices for France amounted to 0.0% per year.

Sorghum Imports

Imports into Panama

After three years of decline, overseas purchases of sorghum increased by 44% to X tons in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 5,632% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sorghum imports soared to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 3,578% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main sorghum supplier to Panama, with a approx. 99% share of total imports.

From 2016 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +76.8%.

In value terms, the United States ($X) constituted the largest supplier of sorghum to Panama.

From 2016 to 2022, the average annual growth rate of value from the United States amounted to +61.2%.

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, increasing by 20% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for China amounted to -4.8% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the sorghum market in Panama. 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:

Panama

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Panama
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