Based on the provided forecast, Japan's barley production in value terms at the farm gate is expected to decline steadily over the next five years. In 2024, the value is projected to be 109.95 million USD, decreasing annually to reach 98.53 million USD by 2028. In 2023, the actual value stood at 113.21 million USD.
Year-on-year variations:
- 2024: -2.88%
- 2025: -2.76%
- 2026: -2.73%
- 2027: -2.68%
- 2028: -2.64%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately -2.76%, indicating a consistent decrease over the period. This trend suggests a moderate but continuous decline in barley production value.
Future Trends to Watch:
Areas to monitor include potential changes in agricultural policy, advancements in farming technology, global barley market trends, and climate change impacts, which may all influence future barley production and value in Japan.
