Japan's demand for sorghum is forecasted to steadily decline from 407.0 Thousand Metric Tons in 2024 to 307.0 Thousand Metric Tons by 2028. In 2023, the actual demand stood at 433.0 Thousand Metric Tons.
Year-on-year percentage variations indicate:
- -6.0% from 2023 to 2024
- -6.4% from 2024 to 2025
- -6.6% from 2025 to 2026
- -7.0% from 2026 to 2027
- -7.3% from 2027 to 2028
The compound annual growth rate (CAGR) from 2023 to 2028 is -6.7%, reflecting a consistent downward trend in sorghum demand.
Future trends to watch for include potential shifts in dietary preferences, policy changes regarding agricultural imports, and innovations in alternative grains or crop substitutes that may impact sorghum's market dynamics in Japan.
