In 2023, the barley feed and residual in Canada stood at 4.89 million metric tons. The forecast for 2024 to 2028 shows a consistent decline, with values dropping from 4.8 million metric tons in 2024 to 4.44 in 2028. Year-on-year percentage changes reveal a consistent annual decrease, creating a downward trend in barley feed utilization. This suggests a compound annual growth rate (CAGR) of approximately -1.9%, reflecting a steady contraction over these years.
Future trends to watch for include potential shifts in feed preferences, technological advancements in feed efficiency, and market reactions to fluctuations in barley production and pricing.
