The forecasted barley supply in the US from 2024 to 2028 shows a slight declining trend. Starting at 5.57 million metric tons in 2024, the supply sees a gradual yearly decrease, dropping to 5.47 million metric tons by 2028. The year-on-year changes indicate a consistent decrease, suggesting a persistent downtrend. For context, the supply stood slightly higher in 2023. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects a minor decline, indicating reduced supply availability year over year.
Future trends to watch include:
- Shifts in climate conditions that may affect barley yields.
- Changes in domestic and international demand influencing supply adjustments.
- Innovations in agricultural practices that could mitigate predicted shortages.
