Since 2013, seeds production in the Netherlands has demonstrated a declining trend. In 2023, production stood at 74.0 thousand metric tons, representing a decrease of 2.76% from the previous year. Analyzing the last two years, we see a slight uptick in 2021 by 2.51%, followed by decreases in 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the past five years indicates an average annual decline of 2.60%.
Looking forward to forecasted data, production is expected to continue decreasing, reaching approximately 63.27 thousand metric tons by 2028, with a projected five-year CAGR of -2.49% and a total forecasted five-year growth rate of -11.83%. This suggests a persistent downward trend in the seeds production for the foreseeable future.
Future trends to watch for:
- Emerging agricultural technologies that could boost efficiency and yield.
- Changes in climate policies and environmental regulations impacting production practices.
- Market demand shifts towards organic or genetically modified seeds.
- Global economic conditions affecting the agricultural supply chain and export markets.