The forecast for Canada's barley supply shows a consistent decrease from 2024 to 2028, starting at 9.13 million metric tons in 2024, declining annually by 0.14 million metric tons. By 2028, it is projected to drop to 8.57 million metric tons. In 2023, the supply stood at approximately 9.27 million metric tons, indicating a year-on-year decrease, with a -1.52% variation from 2024 to 2025 and an overall 1.56% average annual decline over five years as captured by the CAGR.
Future trends to watch for include:
- Impact of climate change on barley yield.
- Evolution of domestic and international demand.
- Technological advancements in agriculture that may affect production efficiency.
- Government policies and trade agreements impacting barley exports and imports.
