The value added in Germany's crop and animal production, hunting, and related service activities is forecasted to steadily increase from 2024 to 2028, starting at approximately 23.06 billion euros in 2024 and reaching 24.08 billion euros in 2028. This indicates a compounded annual growth rate (CAGR) of about 1.1% over the forecast period. In comparison to the previous year, 2023, data suggests a moderate upward trend following stable market conditions.
Future trends to watch include:
- Technological advancements in farming and livestock production, potentially enhancing productivity.
- Environmental policies and regulations impacting sustainable practices in this sector.
- Market demand shifts due to changing dietary preferences and potential economic fluctuations.
- Trade policies within the EU influencing agricultural exports and imports.
