Analysis of the sorghum feed market in China shows a significant decrease from 2014 to 2023, with the volume standing at 2.56 million metric tons in 2023, reflecting a sharp decline from the peak value of 6.18 million metric tons in 2015. The annual decline over the last two years is about 3.94%. Over the past five years, the average annual decrease (CAGR) is -1.26%. Further forecasts predict a continued decline with a negative growth rate of 17.62% and an annual average decline (CAGR) of 3.8% over the next five years.
Future trends to watch for:
- **Alternative feed grains:** With the decline in sorghum use, exploring the shift toward other feed grains in China may be essential.
- **Trade policies:** China’s import/export policies will likely impact the sorghum market dynamics.
- **Technological advancements:** Innovations in sorghum farming and feed efficiency could alter the current negative trend.
