In 2023, the demand for sorghum in Saudi Arabia stood at an actual value of 117.60 thousand metric tons. The forecasted figures for the following years are as follows: 2024: 114.54, 2025: 111.41, 2026: 108.34, 2027: 105.33, and 2028: 102.38 thousand metric tons. This data indicates a gradual decline in demand of approximately 2.6% from 2023 to 2024, 2.7% from 2024 to 2025, 2.8% from 2025 to 2026, 2.8% from 2026 to 2027, and 2.8% from 2027 to 2028. Over the last two years, the decline averages around 2.65% yearly. The Compound Annual Growth Rate (CAGR) shows an average annual decline of about 3.0% from 2023 to 2028.
Future trends to watch for include potential shifts towards alternative crops or changes in agricultural policies that could impact sorghum demand. Additionally, any significant advancements in sorghum-related technologies or changing consumer preferences will be crucial aspects to monitor.
