In 2023, Italy's sorghum stock stood at an estimated 33.0 thousand metric tons. From 2024, forecasts predict a steady increase in sorghum stock, with values rising from 35.0 thousand metric tons to 42.0 thousand metric tons by 2028. This indicates a consistent year-on-year percentage increase of approximately 5.2% in 2024, followed by around 2.7% annually through 2028. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be approximately 5.0%.
Future trends to watch for:
- Potential shifts in dietary preferences that may affect the demand for sorghum.
- Climate changes that could impact sorghum production and subsequently stock levels.
- Technological advancements in agricultural practices possibly enhancing sorghum yield and supply consistency.
