U.S.: Barley Market 2024

Barley Market Size in the U.S.

After two years of decline, the U.S. barley market increased by X% to $X in 2022. Over the period under review, consumption, however, showed a perceptible slump. Barley consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Barley Production in the U.S.

In value terms, barley production contracted slightly to $X in 2022. In general, production, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average barley yield in the United States rose sharply to X tons per ha, increasing by X% compared with 2021. Overall, the yield recorded a relatively flat trend pattern. Over the period under review, the average barley yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the barley harvested area in the United States stood at X ha, increasing by X% on 2021. Over the period under review, the harvested area, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The barley harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Barley Exports

Exports from the U.S.

After three years of growth, overseas shipments of barley decreased by X% to X tons in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, barley exports reduced rapidly to $X in 2022. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for barley exports from the United States, with a X% share of total exports. Moreover, barley exports to Canada exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, the largest markets for barley exported from the United States were Canada ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average barley export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Barley Imports

Imports into the U.S.

In 2022, supplies from abroad of barley increased by X% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, barley imports soared to $X in 2022. Overall, imports recorded a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of barley to the United States, accounting for a X% share of total imports. Moreover, barley imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Denmark (X% per year).

In value terms, Canada ($X) constituted the largest supplier of barley to the United States, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Denmark (X% per year).

Import Prices by Country

The average barley import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barley import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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