Sorghum consumption at farm gate in the US has experienced significant fluctuations over the past decade. After a steep decline in 2014, the market saw a significant increase in 2015 and 2016, followed by another drop in 2017. The pattern of fluctuating consumption continued, with notable declines in 2019 and 2020, and a recovery trend setting in from 2021 through 2023. In 2023, the consumption value stood at 4.41 million metric tons.
Year-on-year variations over the last two years showed an increase of 20.66% in 2022 and 10.84% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 indicates an average annual decline of -0.82%.
Future trends to watch for include potential stability or further decline in sorghum consumption, as indicated by the forecasted CAGR of -0.82% over the next five years through 2028. Factors influencing these trends could include changes in agricultural policies, advancements in sorghum farming technology, and shifts in demand from key industries.
