Papua New Guinea: Sorghum Market 2020

Sorghum Market Size in Papua New Guinea

The revenue of the sorghum market in Papua New Guinea amounted to $X in 2018, surging by X% against the previous year. In general, sorghum consumption, however, continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the sorghum market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Sorghum Production in Papua New Guinea

In value terms, sorghum production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2011 when production volume increased by X% against the previous year. Papua New Guinea sorghum production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

In 2018, the average sorghum yield in Papua New Guinea totaled X ton per ha, rising by X% against the previous year. In general, the sorghum yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The global sorghum yield peaked at X ton per ha in 2007; however, from 2008 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the sorghum harvested area in Papua New Guinea amounted to X ha, remaining stable against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to sorghum production reached its maximum at X ha in 2011; however, from 2012 to 2018, harvested area stood at a somewhat lower figure.

Sorghum Exports

Exports by Country

In 2018, the U.S. (X tons) represented the main exporter of sorghum, committing X% of total exports. Australia (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%). France (X tons), Ukraine (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to sorghum exports from the U.S. stood at -X%. 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. While the share of Australia (+X p.p.), Ukraine (+X p.p.), Afghanistan (+X p.p.) and France (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Argentina (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics.

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

In the U.S., sorghum exports contracted by an average annual rate of -X% over the period from 2007-2018. 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 Papua New Guinea stood at $X per ton in 2018, remaining constant against the previous year. Overall, the sorghum export price continues to indicate a relatively flat trend pattern. Papua New Guinea export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

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 into Papua New Guinea

Sorghum imports into Papua New Guinea totaled X tons in 2018, rising by X% against the previous year. Over the period under review, sorghum imports, however, continue to indicate a precipitous slump. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Papua New Guinea imports peaked at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, sorghum imports stood at $X in 2018. Over the period under review, sorghum imports, however, continue to indicate a dramatic deduction. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, sorghum imports attained their peak of $X. From 2012 to 2018, the growth of sorghum imports failed to regain its momentum.

Imports by Country

China dominates sorghum imports structure, amounting to X tons, which was approx. 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%). The following importers - Mexico (X tons), Sudan (X tons), Djibouti (X tons), Kenya (X tons) and Somalia (X tons) - together made up X% of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2018. 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. From 2007 to 2018, the share of Sudan, Djibouti and Somalia increased by +X%, +X% and +X% percentage points, while Japan (-X p.p.), Spain (-X p.p.), Mexico (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, sorghum imports decreased by an average annual rate of -X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Sudan (+X% per year) and Japan (-X% per year).

Import Prices by Country

The sorghum import price in Papua New Guinea stood at $X per ton in 2018, coming down by -X% against the previous year. Over the period under review, the sorghum import price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Papua New Guinea import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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