Analysis of wheat feed in Spain indicates that actual values have shown slight fluctuations between 2014 and 2023, ranging from 5.02 to 5.71 million metric tons. In 2023, the value stood at a stable 5.09 million metric tons. Year-on-year variations highlight a peak in 2015 with a 12.86% increase, followed by a significant drop of 11.74% in 2016, and more moderate fluctuations afterwards. The compound annual growth rate (CAGR) over the last five years has averaged 0.28%, indicating a stable trend.
Forecast data from 2024 onwards show minor declines, reaching 5.07 million metric tons by 2028, with a forecasted 5-year CAGR of -0.06%, suggesting a slight decrease in wheat feed use.
Future trends to watch for:
- Impact of agricultural policies and subsidies
- Climate change effects on wheat production
- Shifts in livestock feed preferences and technological advancements
