The flower production industry in Sweden has seen varied growth over the past decade. After experiencing a slight decline from 2013 to 2015, the market began to recover steadily. From 2017 onwards, there has been a notable upward trend, peaking significantly in 2021 with a 14.55% year-on-year increase. As of 2023, flower production stands at 341.66 Million Euros, reflecting a modest 1.33% increase from the previous year. The Compound Annual Growth Rate (CAGR) for the last five years is 7.21%, indicating robust growth in recent years.
Looking forward, the forecasted values from 2024 to 2028 suggest a continued growth trajectory albeit at a slower pace. The average anticipated growth rate over these five years is 1% annually, with an overall growth rate of 5.1% by 2028.
Future trends to watch for:
- Eco-friendly and sustainable floriculture practices.
- Increased use of technology and automation in flower production.
- Potential impact of climate change on flower cultivation.
- Shifts in consumer preferences towards locally sourced flowers.
