Barley Market Overview in Australia
In value terms, barley production declined to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Barley production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.
The average yield of barley in Australia expanded significantly to tonnes per ha in , picking up by % on 2019 figures. The yield figure increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Over the period under review, the average barley yield attained the maximum level at tonnes per ha in 2014; however, from 2015 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the harvested area of barley in Australia reached ha, stabilizing at the year before. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to barley production attained the peak figure at ha in 2009; however, from 2010 to , the harvested area remained at a lower figure.
The size of the barley market in Australia dropped dramatically to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of % y-o-y. As a result, consumption reached the peak level of $, and then contracted sharply in the following year.