The forecast for domestic consumption of sorghum in the Philippines indicates a steady rise from 30.0 thousand metric tons in both 2024 and 2025, increasing to 31.0 thousand metric tons in 2026, and 32.0 thousand metric tons in both 2027 and 2028. Compared to 2023, where the consumption stood at 29.0 thousand metric tons, this represents a consistent upward trend.
The year-on-year growth rate from 2023 to 2024 is approximately 3.45%. The subsequent year, 2025 holds steady at the same level as 2024. The increase from 2025 to 2026 denotes a 3.33% variation, followed by a similar increase of 3.23% from 2026 to 2027. The forecast stabilizes with no year-on-year change between 2027 and 2028. The five-year CAGR from 2023 to 2028 is about 2.02%, illustrating moderate but consistent growth.
Future trends to watch include: - Potential shifts in agricultural policy or import-export dynamics that could affect domestic supply. - Market demand from related industries, particularly those leveraging sorghum for animal feed or biofuel. - Technological advancements in crop cultivation which may enhance yield efficiencies and impact consumption rates.
