Analysis of barley demand in Brazil indicates a steady decline from 2024 through 2028, with each year experiencing a decrease of approximately 0.53% compared to the previous year. In 2023, actual demand stood at 1.88 million metric tons, slightly higher than the forecasted figures for subsequent years. Over the five-year period from 2024-2028, the compound annual growth rate suggests an ongoing modest contraction, emphasizing the trend towards reduced demand.
Future trends to watch for include:
- Changes in barley usage within the brewing industry, as this has traditionally impacted demand.
- Shifts in agricultural policies and trade agreements that might influence domestic production and import dependency.
- Economic factors affecting consumer preferences and competitive grain markets potentially redirecting barley consumption trends.