From 2013 to 2023, Denmark's fodder maize production has shown a general upward trend despite some fluctuations. The industry experienced significant increases, such as a 15.45% rise in 2019 and an 8.36% jump in 2020. However, there were declines in 2015, 2021, and 2022. As of 2023, the value of fodder maize production stands at 285.57 million Euros, indicating a modest growth rate of 1.73% year-on-year, with a 5-year CAGR of 3.18%.
Forecasts for 2024 to 2028 project steady growth, with the value expected to reach 309.44 million Euros by 2028. The forecasted average annual growth rate (CAGR) for the next five years is 1.28%.
Future trends to watch for:
- Impact of climate change on crop yields
- Technological advancements in agricultural practices
- Changes in domestic and international market demand
- Government policies and subsidies related to maize production
