In 2023, the gross production value of green garlic in Switzerland stood at a certain level, providing a baseline for future forecasts. Over the next five years, from 2024 to 2028, the forecasted values show a consistent upward trend, with values increasing from 133.0 in 2024 to 156.0 in 2028, all expressed in Thousand US Dollars PPP = 2004–2006.
Analyzing the year-on-year variations:
⦁ From 2024 to 2025, the forecasted increase is approximately 4.5%.
⦁ From 2025 to 2026, the growth is about 3.6%.
⦁ From 2026 to 2027, the increase is approximately 4.2%.
⦁ From 2027 to 2028, we see a rise of around 4.0%.
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024-2028) is projected to be around 4.1%, reflecting steady growth in the green garlic market in Switzerland.
Future trends to watch for include potential impacts from climate change on crop yields, changes in consumer preferences towards organic and locally-sourced produce, and economic factors affecting global agricultural trade. Furthermore, advancements in agricultural technology may also play a significant role in production efficiency and volume.
