In 2023, the sorghum market size in Egypt stood at 255.0 thousand metric tons. The forecasted data for the following years show a modest yet consistent growth in volume. By 2024, the volume remains steady at 256.0 thousand metric tons, followed by a similar figure for 2025. A slight increase is expected in 2026 with 257.0 thousand metric tons, continuing to 258.0 thousand metric tons in 2027 and maintaining this level in 2028.
The year-on-year variation in percentage indicates a very minimal growth over the next five years. The CAGR from 2024 to 2028 demonstrates an incremental growth pattern, averaging a negligible annual increase, indicating a rather stable market with little fluctuation. The market is projected to grow at a slow and steady pace, with only slight annual increments in volume.
Future trends to watch for in the sorghum market in Egypt:
- Technological advancements in sorghum cultivation and harvesting practices.
- Emerging trends in demand for sorghum-based products, especially in the feed and biofuel industries.
- Policy changes and governmental support for grain production.
- Impact of climate change on crop yield and production.