The forecast for the import of barley to Canada from 2024 to 2028 shows a declining trend. In 2024, the imports are valued at 6.7645 million USD, with an anticipated decrease of 4.99% to 6.4271 million USD in 2025. The downward trend continues with a 5.15% drop in 2026, followed by a 5.32% drop in 2027, and finally a 5.50% decrease in 2028, ending at 5.4547 million USD. The compound annual growth rate (CAGR) over this five-year period indicates a continued negative trend.
Future trends to watch:
- Monitor changes in global barley production and trade policies that may influence import costs and volumes.
- Evaluate the domestic demand for barley in Canada, particularly from the brewing and livestock industries, which can impact import needs.
- Consider potential effects of climate change on Canadian agriculture, which may alter import requirements.
