The grain mill products sector in Sweden saw a significant decline in production value from 2013 to 2020, with the value plummeting by roughly 85% during this period. Post-2020, there was a moderate recovery, reaching a production value of 2.2 Billion Swedish Kronas in 2023. The year-on-year variations illustrate marked fluctuations, with notable drops in 2018 and 2020, countered by extensive recovery phases in subsequent years. Particularly, the sector faced a steep decline in 2020 (-75.6%) but showed a robust recovery in 2021 and 2022.
The forecast indicates a gradual decline from 2024 onwards, with the production value expected to revert to approximately 1.23 Billion Swedish Kronas by 2028. The average annual contraction rate (CAGR) for the next five years is projected at -9.24%, signaling a potential long-term decline.
Future trends to watch for include:
- Adoption of sustainable and organic grain mill products
- Technological advancements improving productivity
- Changing consumer dietary preferences impacting demand
- Potential economic policies or subsidies influencing production dynamics
