The forecasted sold production of malt in the UK demonstrates a consistent upward trend from 2024 to 2028, starting at 594.61 million euros in 2024 and reaching 616.65 million euros by 2028. This represents a steady growth pattern, reflecting a year-on-year growth rate of approximately 1% from 2024 onwards. The compound annual growth rate (CAGR) for the period of 2024 to 2028 averages around 1%, indicating a stable increase in production value each year. The data for 2023 is not provided; thus, comparative analysis with last year is unavailable.
Future trends to watch for include potential impacts of climate change on barley production, shifts in demand for malt-driven applications such as brewing, and evolving consumer preferences towards craft beverages which may drive production higher. Additionally, changes in trade policies post-Brexit could affect both the cost structure and export potential for UK malt producers.
