In 2023, Brazil's barley supply stood at 1.16 million metric tons. From 2024, forecasts indicate a steady annual increase, with supply reaching 1.18 million metric tons in 2024, and continuing to grow gradually to 1.26 million metric tons by 2028. This progression depicts a consistent annual growth of approximately 1.7% year-on-year, with a compound annual growth rate (CAGR) of 1.67% over the five-year forecast period.
Future trends to watch for:
- Climate change impacts on agricultural output, potentially affecting barley yields.
- Shifts in domestic and international demand for barley, influenced by global market conditions.
- Technological advancements in farming practices that could enhance productivity.