From 2013 to 2023, the production volumes of food, beverages, and tobacco in Sweden exhibited varied year-on-year fluctuations. Early years (2013-2015) saw slight decreases, while a notable increase in 2016 marked a turning point. From 2017 onward, growth remained stable but modest, with minimal year-on-year variations. The value reached 165.99 billion Swedish Kronas in 2023. Over the last five years, the compound annual growth rate (CAGR) was 0.39%, indicating a slow but steady upward trend.
Forecasts from 2024 to 2028 suggest continued gradual growth with a 5-year forecasted CAGR of 0.23% and an overall growth rate of 1.13%. The industry is expected to maintain its incremental rise in production volumes.
Future trends to watch for include technological advancements in food processing, increasing demand for sustainable and health-conscious products, and potential impacts of global trade policies on production and exports.