The sorghum feed market in Argentina has displayed significant fluctuations over the past decade, with 2023 seeing a value of 1.15 million metric tons, indicating a decline of 5.22% year-on-year. From 2014 onwards, there has been a notable downward trend, particularly steep between 2017 and 2018 with a 35.87% decrease. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 stands at -1.6%, illustrating a consistent overall reduction. Forecasts for 2024 to 2028 predict further declines, estimating a 5-year growth rate drop of 24.26% and a 5-year CAGR of -5.4%.
Future trends to watch for include potential impacts of climate change on crop yields and the adaptation of Argentine agricultural policies that could influence production capacity. Additionally, market shifts towards alternative feed sources and innovations in sorghum cultivation practices may alter the current trajectory.
