Eastern Europe: Sorghum Market 2024

Sorghum Market Size in Eastern Europe

The East European sorghum market shrank rapidly to $X in 2022, waning by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sorghum Production in Eastern Europe

In value terms, sorghum production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a slight decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ukraine (X tons), Hungary (X tons) and Russia (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Hungary (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average sorghum yield in Eastern Europe totaled X tons per ha, increasing by X% against the year before. The yield indicated a buoyant increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sorghum yield decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the 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 dropped to X ha in 2022, which is down by X% compared with the previous year. Overall, the harvested area continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sorghum production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Sorghum Exports

Exports in Eastern Europe

In 2022, the amount of sorghum exported in Eastern Europe skyrocketed to X tons, with an increase of X% against the previous year. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sorghum exports soared to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Ukraine (X tons), distantly followed by Russia (X tons), Hungary (X tons) and Moldova (X tons) represented the main exporters of sorghum, together comprising X% of total exports. Romania (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Romania ($X per ton) and Hungary ($X per ton), while Ukraine ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced more modest paces of growth.

Sorghum Imports

Imports in Eastern Europe

In 2022, after three years of growth, there was significant decline in overseas purchases of sorghum, when their volume decreased by X% to X tons. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, sorghum imports fell notably to $X in 2022. Over the period under review, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Poland represented the key importer of sorghum in Eastern Europe, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Bulgaria (X tons) took the second position in the ranking, followed by Romania (X tons). All these countries together held near X% share of total imports. Hungary (X tons), the Czech Republic (X tons), Russia (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sorghum imports into Poland stood at X%. At the same time, Russia (X%), Bulgaria (X%), Slovakia (X%), Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. From 2012 to 2022, the share of Bulgaria, Russia, Romania and Slovakia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sorghum importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), together accounting for X% of total imports.

In terms of the main importing countries, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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