In 2023, Australia's sorghum export volume stood at 425.0 thousand metric tons. The forecasted data for the years 2024 to 2028 suggests a gradual decline in export volumes, starting from 420.0 in 2024 to 396.0 thousand metric tons by 2028. This indicates a consistent year-on-year reduction in export volume, with percentage decreases of 1.67% from 2024 to 2025, 1.45% from 2025 to 2026, 1.47% from 2026 to 2027, and 1.25% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately -1.41%, reflecting an overall downward trend in sorghum exports.
Future trends to watch for include potential shifts in global demand for sorghum, climatic impacts on Australian agriculture, and trade policy changes that could affect export volumes. Monitoring these factors will be essential for anticipating further trends in the sorghum export market.
