The US sorghum export forecast indicates a steady yearly increase from 2024 to 2028, with values gradually rising from 5.36 million metric tons to 5.4 million metric tons. Compared to the actual 2023 figure of 5.35 million metric tons, the year-on-year growth rate from 2024 to 2028 appears to be quite stable, hovering around a minimal percentage increase each year. Over this five-year forecast period, the compound annual growth rate (CAGR) is also anticipated to remain low, reflecting a stable export trend without significant volatility.
Future trends to monitor include shifts in global demand, changes in trade policies, and climate impacts on sorghum yields. Additionally, developments in biofuel usage where sorghum can serve as a feedstock and potential competition from other grain markets might influence export dynamics.
