Portugal: Sorghum Market 2025

Sorghum Market Size in Portugal

The Portuguese sorghum market rose modestly to $X in 2022, surging by 1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Sorghum Exports

Exports from Portugal

In 2022, exports of sorghum from Portugal dropped notably to X tons, which is down by -63.6% against 2021. In general, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 281%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sorghum exports shrank markedly to $X in 2022. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 210%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for sorghum exports from Portugal, with a 95% share of total exports. Moreover, sorghum exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to -4.6%.

In value terms, Spain ($X) emerged as the key foreign market for sorghum exports from Portugal, comprising 94% of total exports. The second position in the ranking was held by France ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to -5.6%.

Export Prices by Country

In 2022, the average sorghum export price amounted to $X per ton, shrinking by -6.7% against the previous year. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 68%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sorghum Imports

Imports into Portugal

In 2022, approx. X tons of sorghum were imported into Portugal; falling by -12.9% against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sorghum imports expanded rapidly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

France (X tons), Spain (X tons) and Ukraine (X tons) were the main suppliers of sorghum imports to Portugal, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +8.2%), while imports for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of sorghum to Portugal, comprising 56% of total imports. The second position in the ranking was taken by Spain ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.0% per year) and Ukraine (-11.4% per year).

Import Prices by Country

In 2022, the average sorghum import price amounted to $X per ton, jumping by 21% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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