The value added of agricultural products and livestock in Germany has shown a fluctuating yet generally upward trend from 2013 to 2023. Starting from 22.0 billion Euros in 2013, it experienced significant variations including notable drops in 2014 (-24.87%) and 2018 (-19.95%), and substantial increases in 2017 (33.38%) and 2019 (29.17%). As of 2023, the value stood at 24.87 billion Euros, reflecting a modest increase of 2.76% year-on-year and an average annual growth rate (CAGR) of 5.21% over the last five years.
Future trends to watch for:
- Consistent growth with a forecasted 5-year CAGR of 1.94%
- Projected value reaching 28.11 billion Euros by 2028, marking a cumulative growth of 10.1%
- Potential impact of climate change, technological advancements, and policy changes on agricultural productivity and livestock management
- Increasing consumer demand for sustainable and organically produced agricultural products