ECOWAS: Sorghum Market 2024

Sorghum Market Size in ECOWAS

The ECOWAS sorghum market rose sharply to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Sorghum Production in ECOWAS

In value terms, sorghum production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Nigeria (X tons) constituted the country with the largest volume of sorghum production, comprising approx. X% of total volume. Moreover, sorghum production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), fourfold. Niger (X tons) ranked third in terms of total production with a X% share.

In Nigeria, sorghum production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (X% per year) and Niger (X% per year).

The average sorghum yield amounted to X kg per ha in 2022, with an increase of X% on the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. Over the period under review, the sorghum yield attained the peak level at X kg per ha in 2016; however, from 2017 to 2022, the 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 reached X ha in 2022, with an increase of X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to sorghum production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Sorghum Exports

Exports in ECOWAS

In 2022, after two years of decline, there was significant growth in shipments abroad of sorghum, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sorghum exports surged to $X in 2022. In general, exports, however, showed a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. The following exporters - Nigeria (X tons) and Mali (X tons) - each recorded a X% share of total exports.

Burkina Faso was also the fastest-growing in terms of the sorghum exports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Burkina Faso and Mali increased by X and X percentage points, respectively.

In value terms, Burkina Faso ($X) remains the largest sorghum supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Burkina Faso amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a mild expansion. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the export price figures.

Sorghum Imports

Imports in ECOWAS

In 2022, after two years of decline, there was significant growth in overseas purchases of sorghum, when their volume increased by X% to X tons. In general, imports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sorghum imports shrank markedly to $X in 2022. Overall, imports, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Niger dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), comprising a X% share of total imports. Benin (X tons), Burkina Faso (X tons), Nigeria (X tons), Ghana (X tons) and Togo (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sorghum imports into Niger stood at X%. At the same time, Togo (X%), Cote d'Ivoire (X%), Burkina Faso (X%), Nigeria (X%) and Benin (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Benin (X p.p.), Burkina Faso (X p.p.), Nigeria (X p.p.), Ghana (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Niger saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Niger ($X), Nigeria ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a slight decline. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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