Sorghum consumption in Saudi Arabia is forecasted to remain stable from 2024 to 2028, with a constant value of 110.0 thousand metric tons per year. In 2023, the sorghum consumption levels stood slightly below this forecasted figure, suggesting an upward adjustment approaching a new equilibrium point.
Year-on-year variation from 2023 to 2024 shows a slight increase in consumption, providing a relatively stable growth environment. However, the lack of growth from 2024 to 2028 demonstrates a flat trend with no expected year-on-year percentage change over this period. The Compound Annual Growth Rate (CAGR) over the last five years exhibits minor expansion, indicating a nearly steady market.
Future trends to watch for include potential shifts in dietary preferences influenced by health trends, government policy changes regarding agricultural subsidies, and market dynamics influenced by global trade relationships. Monitoring these factors will be key to understanding future variations in sorghum consumption in Saudi Arabia.
