The turnover for prepared animal feeds in Sweden has seen a declining trend over the past decade, falling from 821.4 million Euros in 2013 to 621.0 million Euros in 2023. This represents a notable decrease over the years, with significant drops in 2015 and 2018.
- The year-on-year variation reveals sharp declines in 2015 (-9.34%) and 2018 (-11.29%), while 2020 saw a temporary uptick of 7.61%.
- For 2023, the turnover stood at 621.0 million Euros, showing a slight drop of 0.96% from the previous year.
- Over the past five years, the Compound Annual Growth Rate (CAGR) has averaged -0.78%, indicating a consistent decline.
Looking ahead, the forecast indicates a continued gradual decrease, with a projected turnover of 591.3 million Euros by 2028. This suggests an ongoing negative growth trend at an average rate of -0.78% CAGR and an overall 3.85% reduction over the five-year forecast period.
Future trends to watch for include potential impacts from changes in feed ingredients pricing, regulatory changes, advancements in animal nutrition technology, and shifts in livestock farming practices which could influence demand and market dynamics.
