From 2014 to 2023, Australia's barley demand saw a growth from 2.04 million metric tons to 2.69 million metric tons. Throughout this period, the market experienced sharp rises and falls, with the highest year-on-year growth of 18.09% in 2017 and the most significant decline of -19.99% in 2018. Despite such volatility, the average annual growth rate (CAGR) over the past five years stood at 2.57%. Notably, in 2023, the demand exhibited a 1.21% year-on-year increase.
Forecasting up to 2028, the CAGR is projected to slightly slow down to 0.87%, yet the overall demand in Australia is expected to grow by approximately 4.42%. Key trends to monitor include changes in global trade policies, climatic conditions affecting crop yields, and evolving domestic consumption preferences which may further influence local barley demand.
