The demand for sorghum in Western Europe stood at 276 thousand metric tons in 2023. Over the past decade, the market has shown a notable variability with significant drops in 2015 (-10.25%) and 2016 (-6.39%), followed by a substantial recovery in 2017 (36.1%). From 2018 onwards, the market has seen relatively stable growth, averaging a year-on-year variation of around 0.74% in 2023. The five-year compound annual growth rate (CAGR) for 2023 is 0.74%, reflecting moderate but steady growth.
For future trends to watch, consider monitoring advancements in agricultural technology, potential climate impacts on crop yields, and shifts in consumer preferences towards more sustainable and diverse grains. Additionally, trade policies and economic conditions in Western Europe could significantly influence the sorghum market dynamics.
