From 2013 to 2023, the sold production of orange juice in Sweden has experienced significant volatility with peaks in 2017 and generally declining values thereafter. The highest YoY growth was in 2017 with an increase of 60.36%, while the largest declines were observed in 2018 and 2020. In 2023, the value stood at 15.262 Million Euros, marking a 4.65% decline from the previous year. The cumulative average growth rate (CAGR) over the past 5 years was -6.13%.
Forecasted data from 2024 to 2028 indicate a continual decline in sold production value, with an average annual decrease of 6.96%, leading to a projected value of 9.8744 Million Euros in 2028. This represents a cumulative shrinkage of 30.28% over the 5-year forecast period.
Future trends to watch for:
- Potential shifts in consumer preferences towards healthier or alternative beverages.
- Impact of global economic conditions and supply chain disruptions on production costs and volumes.
- Technological advancements in juice production and packaging.
- Regulatory and environmental impacts influencing production and imports of orange concentrate.
