The forecast for milk production in Sweden indicates a slight year-on-year decrease from 2024 to 2028. The production value for 2024 is 2.66 million metric tons, which shows a gradual decline each year, reaching 2.58 million metric tons by 2028. Compared to 2023, where the production volume stood at 2.68 million metric tons, the year-on-year decrease in 2024 is approximately 0.75%. Analyzing the trend over the past two years, 2022 saw 2.72 million metric tons, resulting in about 1.47% decrease in 2023. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 exhibits a steady average decline of nearly 0.75% per year.
Future trends to watch for:
- Technological advancements in dairy farming
- Regulatory changes affecting agricultural practices
- Market demands for plant-based milk alternatives
- Impact of climate change on agricultural yields
