The agricultural products and livestock output in Germany has shown variability over the past decade, achieving a notable recovery from its low in 2016 of 48.13 billion Euros. By 2023, the market value stood at 58.2 billion Euros. Over the last two years, the market saw a positive variation, with year-on-year growth rates of 0.98% in 2023 and -0.55% in 2022. The compound annual growth rate (CAGR) over the last 5 years has been 2.87%, indicating a stable albeit moderate growth trajectory.
Future trends to watch for include:
- Continued moderate growth, with a forecasted 5-year CAGR of 0.73% up to 2028.
- Incremental increases in market value, reaching 60.95 billion Euros by 2028.
- Potential impacts of climate change on agricultural yields and livestock production.
- Technological advancements and sustainability policies influencing production efficiency and market dynamics.
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