Bolivia’s sorghum exports hit record highs despite production slump in 2024
Bolivia's sorghum exports soared to an all-time high of $X in 2024, marking a significant increase in the country's agricultural trade. Meanwhile, domestic production and consumption experienced fluctuations, with notable growth in some areas and declines in others.
In terms of value, sorghum exports from Bolivia surged to $X in 2024, reflecting a substantial increase in the global demand for this cereal. However, the export development from 2012 to 2024 remains unclear due to a lack of information on the main import countries.
The harvested area for sorghum in Bolivia remained relatively stable in 2024, with approximately X ha, mirroring the previous year's figure. Despite fluctuations in production, the overall trend indicates prominent growth. In 2013, sorghum production volume witnessed a remarkable increase of X%, and it peaked at $X in 2021. However, production failed to regain momentum from 2022 to 2024, dropping to $X in 2024.
The Bolivian sorghum market experienced a decline in 2024, with a decrease of X% against the previous year, reaching $X. This downturn can be attributed to a reduction in both domestic production and imports. Sorghum imports into Bolivia contracted dramatically to X tons in 2024, shrinking by X% compared to the year before.
The average sorghum yield in Bolivia also shrank dramatically in 2024, reaching X tons per ha, a decrease of X% from the previous year. Despite these production and import declines, overall consumption saw strong growth, peaking at $X in 2020. Although consumption remained at a lower figure from 2021 to 2024, it still indicated a positive trend.
In value terms, sorghum imports into Bolivia shrank sharply to $X in 2024. Conversely, after two years of decline, there was significant growth in shipments abroad of sorghum in 2024, with a volume increase of X% to X tons.
Bolivia's sorghum exports reached a record high in 2024, while production and consumption experienced mixed results. Despite declines in production, imports, and yields, overall consumption remained strong. The future of Bolivia's sorghum market will depend on factors such as global demand, domestic production, and trade policies.
