The demand for sorghum in Italy has been declining consistently over the past decade. In 2023, demand stood at 225 thousand metric tons. From 2014 to 2023, the year-on-year variations fluctuated significantly, with notable decreases in 2015 (-18.01%), 2016 (-17.29%), and 2017 (-18.36%). Amidst these declines, a brief increase was observed in 2018 (+8.65%). Over the last five years, the compound annual growth rate (CAGR) averaged -6.45%, indicating a steady decrease in volume. Looking forward, the forecast from 2024 to 2028 suggests an even sharper decline, with a forecasted five-year CAGR of -7.35% and an expected overall reduction of 31.73% by 2028.
Future trends to watch for include potential shifts in agricultural policies, changes in consumer preferences towards alternative grains, and the impact of climate change on sorghum production. Additionally, developments in trade agreements and fluctuations in global sorghum supply and demand will likely influence future trends. Monitoring these factors will be crucial for anticipating market dynamics.
