The demand for wheat in Sweden saw significant fluctuations over the past decade. From 2014 to 2017, the demand generally increased, peaking at 2.59 million metric tons in 2017. Thereafter, the demand exhibited a declining trend, with the lowest level recorded at 1.99 million metric tons in 2023. Over the last two years, the year-on-year variation was -1.05%, indicating a steady decrease in demand. Over the last five years, the compound annual growth rate (CAGR) averaged -0.91%, reflecting a consistent decline in demand.
Looking ahead, the wheat demand in Sweden is forecasted to continue its gradual decline, reaching 1.88 million metric tons by 2028. This represents an overall reduction of 4.48% from 2023, with a five-year forecasted CAGR of -0.91%.
Trends to watch for in the future include potential changes in consumer dietary preferences, government agricultural policies, and the impact of climate change on wheat production. These factors could influence both supply and demand dynamics, potentially altering the current declining trend.
