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Belgium - Sorghum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSorghum Price in Belgium - 2023
Contents:
- Sorghum Price in Belgium (CIF) - 2023
- Sorghum Price in Belgium (FOB) - 2022
- Sorghum Imports in Belgium
- Sorghum Exports in Belgium
Sorghum Price in Belgium (CIF) - 2023
The average sorghum import price stood at $420 per ton in August 2023, declining by -6.9% against the previous month. Overall, import price indicated a mild expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sorghum import price decreased by -24.8% against April 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 31% m-o-m. As a result, import price attained the peak level of $558 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($492 per ton), while the price for Belarus ($334 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Moldova (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sorghum Price in Belgium (FOB) - 2022
The average sorghum export price stood at $395 per ton in 2022, rising by 31% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $410 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 the UK ($873 per ton), while the average price for exports to Spain ($342 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 Hungary (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sorghum Imports in Belgium
After three years of growth, overseas purchases of sorghum decreased by -21.6% to 36K tons in 2022. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of 46K tons, and then fell sharply in the following year.
In value terms, sorghum imports fell slightly to $13M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of $13M, and then fell slightly in the following year.
Import of Sorghum in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 7.1 | 7.6 | 11.2 | 10.6 | 14.3% |
Sudan | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
Netherlands | 0.5 | 1.0 | 0.8 | 0.6 | 6.3% |
Others | 0.3 | 0.6 | 0.5 | 0.8 | 38.7% |
Total | 8.3 | 9.6 | 12.9 | 12.6 | 14.9% |
Top Suppliers of Sorghum to Belgium in 2022:
- France (30.8K tons)
- Netherlands (1.7K tons)
- Sudan (1.5K tons)
Sorghum Exports in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of sorghum, when their volume decreased by -73% to 1.4K tons. Over the period under review, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year. As a result, the exports attained the peak of 5.3K tons, and then dropped remarkably in the following year.
In value terms, sorghum exports shrank markedly to $565K in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year.
Export of Sorghum in Belgium (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 384 | 536 | 1,471 | 409 | 2.1% |
France | 22.6 | 278 | 25.2 | 53.4 | 33.2% |
Spain | 7.5 | 6.4 | 8.6 | 49.8 | 88.0% |
Hungary | 0.3 | 10.0 | 45.3 | 18.4 | 294.4% |
Others | 54.3 | 49.0 | 42.7 | 34.3 | -14.2% |
Total | 468 | 880 | 1,592 | 565 | 6.5% |
Top Export Markets for Sorghum from Belgium in 2022:
- Netherlands (1072.5 tons)
- Spain (145.7 tons)
- France (124.8 tons)
- Hungary (29.0 tons)
This report provides an in-depth analysis of the sorghum market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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 Belgium.
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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 Belgium.
This report provides an in-depth analysis of the global sorghum market.
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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.