Denmark experienced a significant decline in maize production from 2013 to 2023. In 2013, the production stood at 75.7 thousand metric tons, but by 2023, it had decreased to 34.33 thousand metric tons, indicating continually declining overall trends with occasional minor recoveries, particularly in 2019. In terms of year-on-year variation, while there were some periods of positive change, such as 2019 and 2021, most years saw reductions, with significant drops noted in 2015, 2016, and 2017. Over the last five years leading up to 2023, the average annual reduction was slight at -0.66% CAGR.
Future trends show a continued decrease in maize production. Forecasts for 2024 to 2028 indicate a further annual reduction of around 3.11% on average, with a cumulative decrease of approximately 14.59% expected over this period.
Future trends to watch for:
- Potential impacts of climate change on crop yields and agricultural practices.
- Shifts in agricultural policies and subsidies that could affect maize production.
- Advancements in agricultural technology and their adoption rates in Denmark.
- Changes in global maize market dynamics and price fluctuations.
