The historical data on beer production in Sweden from 2014 to 2023 shows a fluctuating but generally upward trend, with the production volume standing at 491 Thousand Metric Tons in 2023. Notable variations include a significant drop of 16.66% in 2020, likely due to the COVID-19 pandemic. However, the industry quickly rebounded with a 14.69% increase in 2021. From 2019 to 2023, the Compound Annual Growth Rate (CAGR) is positive at 0.37%, indicating modest but steady growth.
The forecast data from 2024 to 2028 suggests a continued steady increase in beer production, with a forecasted CAGR of 0.29%. This indicates an expected slow but consistent growth rate of 1.46% over the next five years, reaching around 498.17 Thousand Metric Tons by 2028.
Future trends to watch for include:
- Potential market impact from evolving consumer preferences, such as a shift towards craft beers or lower-alcohol options.
- The influence of economic factors and regulatory changes on production capacities and market dynamics.
- Technological advancements in brewing that could enhance production efficiency and capacity.
- Potential environmental and sustainability practices affecting production processes.
