The forecast data for Canada's barley supply shows a gradual decline over the next five years. In 2023, the actual barley supply stood at 9.45 million metric tons. By 2024, the forecast begins with 9.31 million metric tons, decreasing year-on-year to reach 8.79 million metric tons by 2028. This reflects a consistent downward trend with an approximate CAGR of -1.45% from 2024 to 2028.
Future trends to watch for:
- Climatic conditions and their impact on barley yield.
- Changes in global barley demand affecting Canadian exports.
- Technological advancements in agricultural practices.
- Policy shifts regarding agricultural subsidies and support.
