The hard cheese production in Sweden shows a fluctuating trend over the years but overall reflects a decline. The actual production data, presented in thousand metric tons, declined from 37.26 in 2013 to 30.49 in 2023, experiencing several peaks and troughs throughout this period.
The year-on-year variation highlighted significant drops in years like 2017 (-7.12%) and 2022 (-17.55%), while some years experienced marginal increases, such as 2020 (6.08%) and 2023 (8.01%). The most recent two years saw a rebound with a positive trend in 2023 following a significant dip in 2022.
Looking at the five-year compound annual growth rate (CAGR), the trend has averaged a negative growth rate of -0.96% per year from 2018 to 2023, indicating a steady decline. The forecast suggests this trend will continue, with a projected five-year CAGR of -1.73% leading to a cumulative decline of 8.38% by 2028, positioning hard cheese production at 27.35 thousand metric tons.
Future trends to watch for include economic impacts on dairy farming, consumer preferences shifting towards alternative cheese products, changing dietary habits, and potential advancements in cheese production technology that might impact the overall output and productivity in Sweden's hard cheese sector.
