Between 2014 and 2023, the maize feed volume in Denmark showed a notable trend of growth, as reflected in the data. Starting at 100.0 Thousand Metric Tons in 2014, it reached 300.0 Thousand Metric Tons in 2023. The year-on-year variation fluctuated significantly over the years, reaching a peak in 2018 with a 64.24% increase. From 2019 to 2023, the annual growth stabilized with mild fluctuations, averaging an annual growth rate of approximately 4.17% in 2023 with a cumulative annual growth rate (CAGR) of 2.05% over the last five years.
Looking forward, forecasted data from 2024 to 2028 suggest continued growth with an anticipated 5-year CAGR of 2.73%, leading to a forecasted maize feed volume of 357.0 Thousand Metric Tons by 2028. This marks a forecasted 5-year growth rate of 14.42% from 2023 levels.
Future trends to watch for include potential climate impact on maize yield, shifts in agricultural policy affecting maize production, and changes in demand for maize feed driven by livestock farming trends.
