Wheat processing in Germany has shown a steady increase over the past decade, with a higher concentration of fluctuations in the earlier years. From 2014 to 2023, values have incrementally increased from 114.0 thousand metric tons to 130.0 thousand metric tons, representing an overall positive growth trend despite minor year-on-year variations. In 2023, the year-on-year growth was 0.78%, while the CAGR over the past five years was observed at 0.79%.
Key trends and variations over the past include:
- 2015 and 2016 saw notable increases of 4.39% and 7.56% respectively, indicating strong growth phases.
- A slight dip was observed in 2017 and 2018, with negative growth rates of -0.78% and -1.57%.
- Stability was restored from 2019 to 2023, with minimal fluctuations and steady growth trends.
Looking ahead to 2024 and beyond, forecasts suggest continued growth, albeit at a slower pace. By 2028, wheat processing is expected to rise to 134.0 thousand metric tons, with a forecasted five-year CAGR of 0.45%. This indicates an overall growth rate of 2.29% over the period.
Future trends to watch for:
- Potential impacts of climate change and agricultural developments on wheat yield and processing capacity.
- Technological advancements in processing techniques that could influence production efficiency.
- Economic and policy changes within the EU that could affect trade and market dynamics.
