The global sorghum market has shown varying trends across different countries from 2023 to 2024. Nigeria leads the market with 5.74 million metric tons and registered a 0.33% increase over the previous year. India and China, holding significant positions, saw declines of -1.73% and -1.21%, respectively. Ethiopia and Niger experienced positive growth rates, notably 0.74% and 1.56%. The United States, with relatively smaller market volume, showed a modest increase of 0.5%. Contrastingly, Saudi Arabia and Yemen saw declines of -1.42% and -7.06%, respectively.
Over the long term, analysts should watch for shifts in market share among leading producers, increasing investments in agricultural technology, and the impact of climate change on crop yields. Countries with adverse percentage variations such as Mozambique (-8.02%), Yemen (-7.06%), and Nigeria’s modest growth may indicate underlying economic or environmental challenges. Conversely, significant positive variations in countries like Algeria (10.76%), Ukraine (6.61%), and Madagascar (4.56%) highlight areas of robust market expansion that could influence future global sorghum trade dynamics.
Top countries in Sorghum Market Size Volume by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Nigeria | 5,740 | 2023 | +0.17% | +0.33% | View data |
2 | 2 India | 3,850 | 2023 | -1.38% | -1.73% | View data |
3 | 3 China | 2,980 | 2023 | -3.5% | -1.21% | View data |
4 | 4 Ethiopia | 2,940 | 2023 | +0.82% | +0.74% | View data |
5 | 5 Niger | 1,500 | 2023 | +1.9% | +1.56% | View data |
6 | 6 Mali | 984 | 2023 | +1.55% | +0.92% | View data |
7 | 7 Burkina Faso | 948 | 2023 | +0.21% | -1.12% | View data |
8 | 8 Chad | 893 | 2023 | +0.79% | +0.69% | View data |
9 | 9 Cameroon | 654 | 2023 | +0.46% | +0.28% | View data |
10 | 10 Egypt | 255 | 2023 | +0.39% | +0.16% | View data |