Sweden's meat production has shown modest fluctuations over the last decade. Starting from 530 thousand metric tons in 2014, it gradually increased to 579 thousand metric tons by 2023, marking an overall consistent growth trajectory. However, there were some notable year-on-year variations, such as the decline in 2020 with a -4.5% dip, followed by a recovery with a 5.82% increase in 2021. The Compound Annual Growth Rate (CAGR) over the past five years was 0.31%, illustrating steady but slow growth.
Looking forward, meat production is forecasted to continue its upward trend, reaching 593.42 thousand metric tons by 2028, with a forecasted CAGR of 0.39% over the next five years. This implies a total growth rate of 1.96% from 2023 to 2028.
Future trends to watch for:
- Impact of sustainable and ethical farming practices on production volumes.
- Potential market shifts towards plant-based and alternative protein sources.
- Regulatory changes and their effects on meat production standards and practices.
- Technological advancements in agriculture that could enhance productivity.
