The analysis of sorghum processing in Australia reveals significant volatility between 2014 and 2023, with sizable fluctuations from year to year. In 2023, the processing volume stood at 24.0 thousand metric tons, identical to the previous three years. After decreasing by 40% in 2015, volumes rebounded sharply in 2016. However, consistent declines were observed in certain years, with an annual year-on-year variation reflecting either minor decreases or stability in recent times. The Compound Annual Growth Rate (CAGR) shows a broader decline of -1.59% over the past five years.
Future trends to watch for include the forecasted stabilization in output at around 23.0 thousand metric tons per year from 2025 onward. Despite short-term stability, the forecast CAGR of -0.85% suggests a gradual long-term decline. Monitoring shifts in domestic and international demand for sorghum, along with possible policy changes and climate impacts on crop production, will be essential.
