Based on the provided data, Sweden's export of dog or cat food is forecasted to increase steadily from 2024 to 2028. The values forecasted are consistently incremental, indicating positive growth in this sector. In 2023, the volume stood at 36 million kilograms. Comparing this to 2024, the year-on-year growth for 2024 is 0.94%. For the subsequent years, the year-on-year variations are as follows:
- 2025: 0.81%
- 2026: 0.79%
- 2027: 0.77%
- 2028: 0.75%
Considering these increments, the Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 is approximately 0.81%.
Future trends to watch for include increasing demand for premium and specialized pet food products, sustainable and eco-friendly packaging, and the influence of e-commerce on distribution channels. Monitoring these factors will be crucial for understanding the full scope of growth and market opportunities.
