In 2023, Canada's barley gross production stood at a value not provided for comparison. The forecast for 2024 onwards shows a gradual decline, with values from 1.5929 billion USD in 2024 to 1.5353 billion USD in 2028, indicating a shrinking trend in the market. Year-on-year variations highlight a consistent decrease, approximately around 0.9% per annum, culminating in a five-year CAGR of approximately -0.93%. Future trends to watch include climate impact on crop yields, changes in domestic and global demand, and policy adjustments related to agriculture which could influence production trajectories.
- Climate change and its impact on crop yields.
- Fluctuating domestic and international market demand.
- Agricultural policy changes affecting production.