Analyzing the production of food products in Sweden, we observe fluctuations in actual values from 2013 to 2023. In 2023, the value stood at 161.07 billion Swedish Kronas. Key year-on-year variations include significant drops in 2014 (-0.29%) and 2015 (-0.49%), and an increase by 6.82% in 2021. The CAGR from 2018 to 2023 was 1.76%.
Forecasted data from 2024 to 2028 shows a consistent upward trend, with a forecasted CAGR of 1.09% over the next five years. Notably, the projected 2028 value suggests a 5.54% growth compared to 2023.
Trends to watch for in the future include potential impacts of technological advancements in food production, evolving consumer preferences toward sustainable products, and regulatory changes both domestically and internationally. Monitoring these factors will be crucial for strategic planning in the food production industry in Sweden.