In 2023, China led the global sorghum feed and residual market, posting significant growth at over 37% year-on-year. Other notable players included Mexico, Brazil, and the United States, though the latter faced a notable decrease of over 20%. Overall, while some countries like India and Sudan showed modest increases, others, such as Australia, Japan, and Ukraine, experienced significant declines in their shares. The compounded annual growth rate over five years might indicate an overall stable market, despite some fluctuations.
Looking toward the future, attention should be given to market dynamics driven by China’s growing demand and potential trade policy shifts that may affect global distribution. The market's resilience will hinge on nations adapting to both demand spikes and regulatory frameworks.
Top countries in Sorghum Feed and Residual Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.48 | 2023 | +52.08% | +37.23% | View data |
| 2 | 2 Mexico | 21.8 | 2023 | -2% | -0.4% | View data |
| 3 | 3 Brazil | 15.57 | 2023 | +25% | +10.76% | View data |
| 4 | 4 United States | 5.08 | 2023 | +5.83% | -20.19% | View data |
| 5 | 5 Bolivia | 4.23 | 2023 | +5.56% | 0% | View data |
| 6 | 6 Argentina | 4 | 2023 | +28.57% | 0% | View data |
| 7 | 7 India | 2 | 2023 | 0% | +5.15% | View data |
| 8 | 8 Egypt | 1.56 | 2023 | 0% | -2.64% | View data |
| 9 | 9 Australia | 1.11 | 2023 | +150% | -22.6% | View data |
| 10 | 10 Sudan | 0.89 | 2023 | 0% | +7.39% | View data |
