Based on the provided data, the year-on-year variations for cereal products production value in Sweden are as follows:
- 2024 to 2025: (2.29 - 2.26) / 2.26 * 100 ≈ 1.33%
- 2025 to 2026: (2.32 - 2.29) / 2.29 * 100 ≈ 1.31%
- 2026 to 2027: (2.35 - 2.32) / 2.32 * 100 ≈ 1.29%
- 2027 to 2028: (2.37 - 2.35) / 2.35 * 100 ≈ 0.85%
Over the last five years, the Compound Annual Growth Rate (CAGR) is approximately:
- CAGR = [(2.37 / 2.26)^(1/4) - 1] * 100 ≈ 1.19%
This indicates a steady but slow growth trend in the cereal products production value in Sweden.
Future trends to observe include potential impacts of climate change on cereal crop yields, technological advancements in agricultural production, and shifts in consumer preferences towards healthier cereal options. Additionally, trade policies and economic fluctuations in the European Union may also influence production values.