Sorghum consumption at farm gate in Australia experienced significant fluctuations over the past several years. From 2013 to 2023, we saw declines and growths, with noteworthy inflections in 2018 and 2019 due to substantial increases. The value in 2023 stood at 948.88 Thousand Metric Tons, reflecting a 17.17% year-on-year increase. However, this was interspersed with sharp drops, notably in 2015 and 2020. Over the last two years, there was a 24.01% increase. The CAGR over the last five years was marginally negative at -0.58%, indicating a slight average annual decline.
Looking forward, the forecast suggests a stabilized but slightly declining trend up to 2028, with a forecasted five-year CAGR of -0.11% and a total growth rate of -0.53%, indicating a marginal yet steady decrease in consumption. Key future trends to watch for include climate change impacts on crop yields, fluctuations in export markets, and shifts in domestic demand due to alternative crops or economic conditions.
