The forecast for the UK's barley imports from 2024 to 2028 shows a steady decline from 93.012 million kilograms in 2024 to 83.182 million kilograms in 2028, indicating a year-on-year decrease. This represents a compound annual growth rate (CAGR) of approximately -2.26%, highlighting a consistent downward trend over the five-year period. The decline may be attributed to a combination of factors such as increased domestic production, shifts in demand, or changes in trade policies post-Brexit compared to the 2023 actual import value.
Future trends to watch for include:
- Potential impact of agricultural policies in the UK and EU on barley trade.
- Changes in consumer preferences affecting demand for barley-based products.
- Effect of geopolitical events on trade routes and agreements.
