In 2023, the market for oranges and mandarines in Sweden stood at 155.0 thousand metric tons, representing a year-on-year decline of 1.9%. Analyzing the past decade, the market depicted a notable long-term decline. Specifically, starting from 206.0 thousand metric tons in 2014, the market saw an overall downward journey, experiencing significant drops in 2017 and 2018 by 12.32% and 11.89%, respectively.
Over the last 5 years, the Compound Annual Growth Rate (CAGR) was -1%, indicating a persistent fall in market volume. Looking forward, the forecast predicts a continued downward trend, with an expected market size nearing 138.0 thousand metric tons by 2028. This indicates a forecasted 5-year CAGR of -1.78% and an overall decline of approximately 8.61% over this period.
Future Trends to Watch:
- Consumer preference shifts towards locally grown produce and alternative fruits.
- Possible impact of climate change on orange and mandarine crops, impacting supply.
- Technological advancements and innovations in preservation and storage.
- Government policies and import regulations affecting market dynamics.
