The demand for sorghum in Australia has shown a varied trend over the past decade, peaking at 1010 thousand metric tons in 2016 and experiencing significant fluctuations since then. As of 2023, sorghum demand stood at 741 thousand metric tons, witnessing a year-on-year decline of 1.2%. Over the past five years, the Compound Annual Growth Rate (CAGR) has been -1.98%, indicating a slow but steady decline. The forecast till 2028 predicts a continued downward trend with an average annual decline of 1.06%, leading to a 5.2% reduction in demand over this period.
Future trends to watch for include potential impacts of climate change on sorghum cultivation, shifts in consumer preferences towards alternative grains, and international trade dynamics influencing both supply and demand. Additionally, advancements in agricultural technology and practices could either mitigate or accentuate these trends depending on their adoption and effectiveness.
