Colombia - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Price in Colombia - 2022
Contents:
- Sorghum Price in Colombia (FOB) - 2022
- Sorghum Price in Colombia (CIF) - 2022
- Sorghum Exports in Colombia
- Sorghum Imports in Colombia
Sorghum Price in Colombia (FOB) - 2022
In 2022, the average sorghum export price amounted to $4,050 per ton, picking up by 158% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Suriname.
From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +25.9% per year.
Sorghum Price in Colombia (CIF) - 2022
In 2022, the average sorghum import price amounted to $421 per ton, increasing by 85% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2019 when the average import price increased by 183% against the previous year. The import price peaked at $576 per ton in 2014; however, from 2015 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 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to -7.4% per year.
Sorghum Exports in Colombia
In 2022, exports of sorghum from Colombia shrank sharply to 80 kg, with a decrease of -99.7% compared with the year before. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2,956%. As a result, the exports reached the peak of 30 tons, and then shrank notably in the following year.
In value terms, sorghum exports declined remarkably to $324 in 2022. In general, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 6,490%. As a result, the exports attained the peak of $48K, and then dropped rapidly in the following year.
Export of Sorghum in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Suriname | N/A | N/A | N/A | 0.3 | 0% |
Venezuela | N/A | N/A | 39.2 | N/A | 0% |
Nigeria | 11.5 | 0.7 | 8.5 | N/A | -14.0% |
Aruba | 0.5 | N/A | 0.1 | N/A | -55.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 12.1 | 0.7 | 47.8 | 0.3 | -70.8% |
Top Export Markets for Sorghum from Colombia in 2022:
- Suriname (80.0 kg)
Sorghum Imports in Colombia
In 2022, supplies from abroad of sorghum decreased by -99.5% to 199 tons, falling for the second consecutive year after two years of growth. In general, imports faced a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 168% against the previous year. As a result, imports attained the peak of 51K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sorghum imports declined markedly to $84K in 2022. Overall, imports recorded a significant contraction. The smallest decline of -2.2% was in 2021.
Import of Sorghum in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 9.3 | 3.3 | 5.9 | 0.1 | -77.9% |
Argentina | N/A | 5.2 | 3.5 | N/A | -32.7% |
Thailand | 0.5 | N/A | N/A | N/A | 0% |
Others | 0.3 | 1.4 | 0.2 | N/A | -18.4% |
Total | 10.0 | 9.8 | 9.6 | 0.1 | -78.5% |
Top Suppliers of Sorghum to Colombia in 2022:
- United States (198.7 tons)
This report provides an in-depth analysis of the sorghum market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the sorghum market in Colombia.
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This report provides an in-depth analysis of the global sorghum market.
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This report provides an in-depth analysis of the sorghum market in Colombia.
This report provides an in-depth analysis of the global sorghum market.
Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.
Global sorghum consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
Global sorghum exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.