Peru: Sorghum Market 2025

Sorghum Market Size in Peru

After two years of decline, the Peruvian sorghum market increased by 11% to $X in 2022. Over the period under review, consumption, however, showed a abrupt setback. Sorghum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sorghum Production in Peru

In value terms, sorghum production rose markedly to $X in 2022 estimated in export price. Overall, production saw a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of 93% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of sorghum in Peru expanded notably to X tons per ha in 2022, surging by 8.4% against 2021. The yield figure increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the yield increased by 20%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average sorghum 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.

The sorghum harvested area in Peru contracted slightly to X ha in 2022, which is down by -3% against 2021 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 76% against the previous year. Over the period under review, the harvested area dedicated to sorghum production attained the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Sorghum Exports

Exports from Peru

In 2022, after two years of growth, there was significant decline in overseas shipments of sorghum, when their volume decreased by -19.9% to X kg. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 105%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sorghum exports contracted sharply to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 128%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for sorghum exports from Peru, accounting for a 74% share of total exports. Moreover, sorghum exports to the United States exceeded the volume sent to the second major destination, Chile (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-30.1% per year) and Bahrain (+23.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for sorghum exports from Peru, comprising 72% of total exports. The second position in the ranking was taken by Chile ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-29.2% per year) and Bahrain (+5.0% per year).

Export Prices by Country

The average sorghum export price stood at $X per ton in 2022, shrinking by -5.2% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +28.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 18%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Chile ($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 Kuwait (+49.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sorghum Imports

Imports into Peru

In 2022, supplies from abroad of sorghum was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 786% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sorghum imports rose sharply to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bolivia (X tons) was the main sorghum supplier to Peru, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bolivia totaled -1.5%.

In value terms, Bolivia ($X) constituted the largest supplier of sorghum to Peru.

From 2012 to 2022, the average annual rate of growth in terms of value from Bolivia totaled -1.8%.

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 570% against the previous year. As a result, import price attained 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 Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to -0.3% per year.

Source: IndexBox Platform

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