Analyzing the barley market size volume in South Africa reveals a period of relative stability followed by a gradual decline. From 2014 to 2017, the market size remained constant at 5.0 thousand metric tons. A noticeable drop occurred in 2018, bringing the volume down to 4.0 thousand metric tons, a 20% year-on-year decrease. This lower level was maintained through 2023, but minor fluctuations occurred, including a dip to 3.8 thousand metric tons in 2020.
As of 2023, the market size stands at 4.0 thousand metric tons. The compound annual growth rate (CAGR) over the last five years was -1.59%, indicating a mild but persistent decline. Forecasts for 2024 to 2028 predict a further decrease, reaching 3.6 thousand metric tons by 2028, representing a -7.69% growth rate over this period.
Future trends to watch for include the impact of climate change on agriculture, shifts in domestic consumption patterns, and potential policy changes that might support local barley production. Monitoring these factors will be critical for anticipating further market movements.
