The forecast for China's barley domestic consumption indicates a gradual increase, starting from 10.01 million metric tons in 2024, reaching 10.11 million metric tons by 2028. Considering that consumption in 2023 stood at approximately 10 million metric tons, the expected annual growth rate is modest, with minor year-on-year increases of about 0.2% from 2024 to 2028. The five-year compound annual growth rate (CAGR) averages around 0.25%, illustrating a stable yet slow upward trend.
Future trends to monitor include:
- Global climatic changes impacting barley yields and thus supply levels.
- China's agricultural policy adjustments aiming at self-sufficiency.
- Consumer behavior shifts, particularly any notable changes in dietary preferences that could affect barley demand differently.
- Trade regulations and tariffs engaging China with major barley exporting countries.
