Denmark's grains production has experienced significant volatility over the past decade. Actual production reached a high of 34.46 thousand metric tons in 2013 but showed a downward trend with some fluctuations, standing at 24.25 thousand metric tons in 2023. Year-on-year variations highlight this volatility, with productions sharply increasing and decreasing at different intervals. The last two years saw a slight decline with -1.69% and -1.68% in 2022 and 2023 respectively. The Compound Annual Growth Rate (CAGR) over the past five years was -1.48%, indicating a gradual, slight decrease in production over this period.
Looking forward from 2024 to 2028, the forecast suggests a continuation of the slow decline in grains production, expecting it to decrease by approximately 7.19% over the next five years. This consistent downward trend suggests that future production will need to be closely monitored for its implications on the market and economy.
Future trends to watch for include:
- Technological advancements in agricultural practices that could potentially reverse the declining trend.
- Climate change impacts and their effect on crop yields.
- Economic and policy shifts within the EU that might affect agricultural subsidies and practices in Denmark.
