The data on cheese production in Sweden from 2013 to 2023 shows a general downward trend. Production has decreased from 90.0 thousand metric tons in 2013 to 72.04 thousand metric tons in 2023. The year-on-year variation fluctuated over the years, with significant drops, particularly from 2016 onwards. The compound annual growth rate (CAGR) over the last five years (2018-2023) was approximately -2.24%, reflecting a steady decline.
Looking ahead to forecasted data from 2024 to 2028, the trend continues downward, with cheese production expected to decrease to 62.56 thousand metric tons by 2028. The forecasted CAGR over the next five years remains negative at -2.24%, indicating that the decline in production is anticipated to persist.
Future trends to watch for include potential impacts of global economic conditions on dairy production, changes in consumer preferences towards plant-based alternatives, and any new agricultural policies that might affect the dairy industry in Sweden. Additionally, technological advancements in dairy farming and production efficiencies could alter this forecast.
