The forecast for raw tobacco production in Germany from 2024 to 2028 shows a consistent decline. Compared to the production levels of previous years, 2023 stood at approximately 3.5 thousand metric tons. The year-on-year decline begins at 7% from 2024 to 2025 and continues at an average of around 5-6% year-on-year through 2028. The compound annual growth rate (CAGR) over this period reflects a downward trend at about 5.9% per year for raw tobacco production.
Future trends to watch for:
- Regulatory changes impacting tobacco farming, potentially accelerating the decline.
- Shifts in consumer preferences towards less traditional tobacco products.
- Technological advancements and innovations in agriculture affecting productivity.