Over the past decade, the value of Fodder Crops and Grazed Biomass Direct Material Inputs in Denmark experienced significant fluctuations. From 2013 to 2023, actual data shows a peak in 2014 at 16.95 million metric tons and a notable decline in 2018 to 13.13 million metric tons. By 2023, this value stood at 14.18 million metric tons. Year-on-year variations highlight the sector's volatility, with substantial decreases in 2015 and 2018. More recent years, specifically 2021 and 2022, show smaller declines. The CAGR over the last five years up to 2023 was positive at 1.55%, indicating some recovery.
Looking ahead, forecasts suggest a consistent decrease, with an annual average decline (CAGR) of 0.92% through 2028, resulting in an estimated value of 13.39 million metric tons. This suggests an overall reduction of 4.5% over the forecast period, suggesting ongoing challenges in the sector. Future trends to watch for include potential impacts of climate change, shifts in agricultural practices, and policy changes affecting the agricultural sector. Adoption of sustainable farming practices and technological advancements might play crucial roles in mitigating these declines.
