The forecast for sorghum feed in South Korea shows a consistent growth trend from 2024 to 2028. In 2023, the sorghum feed stood at 65.0 thousand metric tons. From 2024 to 2025, the year-on-year variation is an approximate increase of 4.35%. From 2025 to 2026, this further rises around 5.56%, followed by another 3.95% increase in 2027, and lastly, about 5.06% by 2028. Over the entire forecast period from 2024 to 2028, the CAGR is approximately 4.67%. This indicates a stable and progressive demand for sorghum feed in South Korea.
Future trends to watch for:
- Climate change impacts on domestic sorghum production vs. import needs.
- Shifts in feed preferences and livestock farming practices.
- Policy changes affecting agricultural imports and subsidies.
- Price fluctuations of sorghum compared to alternative feeds.
