Forecast: Skimmed Milk Production in Germany

From 2013 to 2023, the production of skimmed milk in Germany showed fluctuations. The highest production was in 2015 with a value of 119.0 thousand metric tons, while the lowest was in 2020, at 104.43 thousand metric tons. The year 2023 stood at 108.03 thousand metric tons.

The year-on-year variations over the last two years were -0.59% for 2022 and -0.57% for 2023, indicating a slight downward trend. The Compound Annual Growth Rate (CAGR) over the past five years is -0.39%, showing a moderate decline in production.

For the future, the forecasted data from 2024 to 2028 suggests a continued slight decline, with a forecasted 5-year CAGR of -0.48%. Future trends to watch for include shifts in consumer preferences, potential technological advancements in dairy production, and regulatory impacts related to health and environmental policies.

Top Countries about Milk