The maize feed sector in Sweden experienced fluctuations from 2014 to 2023, with notable growth spurts and slight declines. In 2018, a dramatic 109.09% increase marked a significant boost in volume, peaking at 69,000 metric tons. Following a minor dip of 11.59% in 2019, the sector began to stabilize, showing consistent growth from 2020 onwards. By 2023, the maize feed volume reached 74,000 metric tons, aligning with a steady annual growth rate of approximately 4.23%. The 5-year CAGR up to 2023 sat at 1.41%, reflecting a more tempered growth trajectory.
Future trends to watch for:
- Projected maize feed volume to reach 88,000 metric tons by 2028.
- Forecasted 5-year CAGR of 2.71%, suggesting moderate but steady growth.
- Potential impacts of climate change, agricultural policies, and technological advancements on productivity and supply chain dynamics.