In 2023, the United Kingdom's barley market stood at 31.0 thousand metric tons. The forecast indicates a decline to 30.0 thousand metric tons by 2024, keeping steady through 2025 before decreasing to 29.0 thousand metric tons in 2026 and 2027, and further down to 28.0 thousand metric tons by 2028. This pattern showcases a gradual decline over the five-year period from 2024 to 2028.
Year-on-year changes project a stable market in the short term but reveal a negative trend longer-term, suggesting a Compound Annual Growth Rate (CAGR) that reflects a decrease in overall volume.
Future trends to watch for:
- Potential impacts of climate change on agricultural yield and production costs.
- Shifts in consumer demand towards alternative grains or imported barley.
- Policy changes affecting agricultural subsidies or trade agreements post-Brexit.