The sorghum feed market in Germany has experienced notable trends over the past decade. From 2014 to 2023, consumption started at 3.0 thousand metric tons in 2014 and doubled to 6.0 thousand metric tons by 2015. The consumption then remained steady at 6.0 thousand metric tons through 2023, except for a slight dip to 5.0 thousand metric tons in 2018. As of 2023, the value stood at 6.0 thousand metric tons, marking a stable period. Over the last five years, the industry has seen a modest compound annual growth rate (CAGR) of 3.71%.
From 2024 onward, forecasted data indicates a growth trajectory reaching 7.0 thousand metric tons by 2027 and 2028, with a forecasted 5-year CAGR of 3.13%. The overall growth rate over this period is projected at 16.67%.
Future trends to watch for include potential shifts in agricultural practices, technological innovations in feed production, and changes in import-export dynamics that could influence the supply and demand equilibrium of sorghum feed in Germany. Monitoring these factors will be crucial for anticipating market developments.
