The forecast for U.S. barley exports indicates a steady decline from 91.0 thousand metric tons in 2024 to 50.0 thousand metric tons in 2028. In 2023, the export volume was higher, positioning the 2024 figure already lower than the preceding year. The annual decrease is approximately 13.2% from 2024 to 2025, 13.6% from 2025 to 2026, 14.3% from 2026 to 2027, and 16.7% from 2027 to 2028. The compound annual growth rate (CAGR) for this period suggests a decline of around 13.2% per annum.
Future trends to watch for include:
- Global demand shifts due to alternative grains or substitutes.
- Climate change impacts on barley production areas in the U.S.
- Trade policies affecting U.S. export competitiveness.
- Technological advancements enhancing yield efficiency.
