In 2023, the sorghum market size in South Africa stood at 29.0 thousand metric tons, experiencing a year-on-year decrease of 3.33%. This contributed to a compound annual growth rate (CAGR) of -5.75% over the last five years. Since 2014, the market has exhibited significant fluctuations, with 2017 seeing a sharp decline of 60%, followed by a remarkable resurgence in 2018 with a 178.57% increase. However, subsequent years have seen declines, with a slight uptrend only in 2021. The forecast data suggests a gradual decline in the market size, with a CAGR of -2.17% over the next five years, resulting in a 10.38% decrease in total market size by 2028.
Future trends to watch for include the impact of climate change on crop yields, shifts in consumer preferences towards alternative grains, and potential government policies to boost local agriculture. Monitoring these factors will be crucial for anticipating market adjustments and strategic planning.
