In 2023, China's sorghum import volume stood at 3.18 million metric tons. The forecasted data indicates a declining trend from 2024 to 2028, with the volume projected to decrease annually from 3.13 million metric tons in 2024 to 2.33 million metric tons by 2028.
Year-on-year, the import volume appears to decline steadily, reflecting a continued decrease from 2023 levels, mirroring a potential decline in demand or a shift toward alternative grains. The Compound Annual Growth Rate (CAGR) over the forecasted period is negative, underscoring this downward trend.
Future trends to watch for include:
- China's policy changes and trade relations impacting sorghum imports.
- Potential shifts in domestic agricultural policies supporting local grain production.
- Substitution effects with other grains due to price fluctuations or shifts in consumption patterns.