Barley consumption at the farm gate in the US for 2023 stood at 3.26 million metric tons. In 2024, consumption is forecasted to be 3.15 million metric tons, indicating a decrease of approximately 3.37% year-on-year. The following years continue this downward trend with consumption projected to decrease by 3.50% in 2025 to 3.04 million metric tons, by 3.62% in 2026 to 2.93 million metric tons, by 3.76% in 2027 to 2.82 million metric tons, and by 3.55% in 2028 to 2.72 million metric tons. Overall, the Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is -3.36%.
Future trends to watch for include potential shifts in agricultural policies, changes in consumer demand for barley-based products, developments in barley farming technology, and the impact of climate change on barley yields. These factors could either mitigate or exacerbate the current declining trend in barley consumption at the farm gate in the US.
