The analysis of the sorghum feed market in Egypt reveals a fluctuation in values over the past decade, with a recorded value of 511 Thousand Metric Tons in 2023. From 2014 to 2023, sorghum feed values experienced varied year-on-year changes, including a notable drop of -7.31% in 2015 and a significant increase of 9.07% in 2017. The market displayed resilience with minor variations in subsequent years, demonstrating an annual growth of 0.078% on average over the last five years. The forecasted data from 2024 to 2028 suggests a stable market with a projected 0.12% CAGR, translating to an overall growth rate of 0.59% by 2028.
Future trends to watch for include:
- Potential impacts of climate change on sorghum yield and supply.
- Technological advancements in agricultural practices enhancing productivity.
- Government policies influencing sorghum production and pricing.
- Changes in global demand and export opportunities.
