The demand for maize in Sweden has shown a steady increase from 2014 to 2023, with a year-on-year growth rate of 2.91% in 2023. The CAGR over the past five years averages at 0.58%. Notably, there was a significant spike in 2018 with a 66.13% year-on-year increase, followed by some fluctuations. However, overall, the past decade reveals a positive trend in maize demand reaching 106 thousand metric tons in 2023.
Looking forward, forecasts suggest continued growth, with the maize demand expected to reach 120 thousand metric tons by 2028. The forecasted 5-year CAGR stands at 1.94%, translating to a total growth rate of 10.09% over this period.
- Demand Trend: Steady growth with occasional sharp variations.- Significant year: 2018 saw a substantial increase.- CAGR (2024-2028): 1.94%- Forecasted 2028 Value: 120 thousand metric tons.
Future trends to watch for include potential impacts from climate change on maize production, changes in dietary trends, and shifts in agricultural policies that may influence import and local production dynamics.
