Sweden's ornamental plants and flowers production has seen varied fluctuations from 2013 to 2023. After a dip in 2013 and 2014, the market showed a modest recovery with intermittent growth and declines. A significant rise was noted in 2017 and 2021. In recent years, the market's growth stabilized, with 2023's value standing at 162.07 million Euros, reflecting a year-on-year increase of 0.27%. The compound annual growth rate (CAGR) over the past five years is 2.65%, indicating moderate, consistent growth. Future forecasts up to 2028 predict a marginal expansion with a five-year CAGR of 0.18%, leading to an overall 0.9% growth during this period.
Future trends to watch for:
- Innovations in breeding and cultivation techniques.
- Growing consumer trends towards sustainable and locally-produced ornamental plants.
- Impact of climate change on production cycles.
- Potential shifts in export markets and demand fluctuations globally.