The wheat demand in Germany has shown fluctuations over the past decade, standing at 16.47 million metric tons in 2023. From 2014 to 2017, there was a general increase, highlighted by a peak demand of 18.41 million metric tons in 2017. A significant dip occurred in 2018, where demand fell by 11.52%, followed by a modest recovery and subsequent stability until 2023. The average annual variation over the last 5 years (CAGR) has marked a slight negative trend at -0.23%. Looking forward to 2028, the wheat demand is forecasted to decline further, with an expected average annual decline of -0.43%, reflecting a total decrease of 2.11% from present levels.
Future trends to watch for:
- Changes in dietary preferences and shifts towards alternative grains.
- The impact of climate change on wheat production and supply chains.
- Potential policy shifts affecting agricultural production and import regulations.
- Technological advancements in farming that could influence yield and demand.
