The forecast for India's sorghum export volume shows a steady upward trend from 2024 to 2028, increasing from 95.0 to 100.0 thousand metric tons. In 2023, the volume stood at approximately 93.0 thousand metric tons. This data suggests a modest annual growth rate, reflecting a stable demand in international markets.
Year-on-year, the growth rate is consistent, with no significant fluctuations. Over the last five years, the compound annual growth rate (CAGR) reflects a stable and moderate growth pattern, emphasizing a positive trend in export opportunities.
Future trends to watch for include:
- Shifts in global demand for alternative grains, potentially influenced by dietary trends and environmental concerns.
- Impact of climate change on sorghum cultivation, which could alter production capabilities and export dynamics.
- Government policies and trade agreements affecting agricultural exports from India.