Forecast: Maize Production in Sweden

Based on the actual and forecasted data, Sweden's maize production value has demonstrated variability from 2013 to 2023. Major fluctuations include a significant drop from 2013 to 2015 followed by a pronounced increase in 2016. Steady increases are observed from 2019 to 2021, where it almost doubled. The 2023 estimated value at 4.14 million Euros represents a minor growth over 2022, but it continues the upward trend seen since 2016. The compound annual growth rate (CAGR) over the last five years up to 2023 stands impressively at 27.68%.

Future trends to watch for include:

  • Continued moderate growth in maize production value as forecasted, with a CAGR of 1.3% from 2023 to 2028.
  • Potential impacts from environmental policies, climate change, and technological advancements in agriculture.
  • Shifts in market demand and trade policies post-2023 that could influence production further.

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