Gross production value in Agriculture market is projected to amount to US$10.95bn in 2024. An annual growth rate of 1.82% is expected (CAGR 2024-2028), resulting in gross production value of US$11.77bn in 2028.
The import value in Agriculture market is projected to amount to US$4,474.0m in 2024. An annual growth rate of 2.56% is expected (CAGR 2024–2028).
The export value in Agriculture market is projected to amount to US$1,161.0m in 2024. An annual growth rate of -0.04% is expected (CAGR 2024–2028).
The agriculture market refers to the economic activities involved in the production of agricultural products. This includes the gross production value of crops such as cereals, fruit, vegetables, and oil crops, as well as livestock and dairy products.
The agriculture market comprises seven distinct markets that represent a wide range of agricultural products:
The cereal market encompasses more than 10 items including barley, rice, oats, rye, and other similar grains.
The vegetable market includes more than 15 items such as avocado, beans, and cabbage, among others.
The fruits market covers over 30 items including popular fruits like apples, apricots, bananas, cherries, and so on.
The oil crops market consists of more than 5 items such as olives, soya beans, sunflower seeds, linseeds, and other similar crops.
The meat market includes over 10 items such as cattle, chickens, goats, sheep, pigs, and others.
The milk market represents different types of milk produced by cattle, goats, sheep, buffalo, and camel.
The other Livestock Products market encompasses 5 items, including eggs, honey, wool, beeswax, and silk-worm cocoons.
The forestry market encompasses more than 10 items, including raw materials, processed timber, engineered wood products, pulp and paperboard products.
The market comprises gross production value and gross production value growth rates, import and export value. Data is only provided for the countries that are active in the above-mentioned markets. The market only displays B2B values.
The term "Revenue" in the title of the charts and chapter refers to the gross production value within this market.
Switzerland, known for its scenic beauty, is also home to a thriving agriculture market.
Customer preferences: Swiss consumers are increasingly interested in organic and locally sourced food products. This trend is driven by concerns over food safety, health and the environment. Moreover, Swiss consumers are willing to pay a premium for high-quality, locally sourced products. This has led to an increase in demand for organic produce, dairy products and meat.
Trends in the market: Switzerland's agriculture market is characterized by a high degree of specialization and efficiency. Swiss farmers are known for producing high-quality products and using sustainable farming practices. However, the market is facing several challenges. One of the major challenges is the aging farming population. Many farmers are reaching retirement age, and there are not enough young farmers to replace them. This has led to a decline in the number of farms and a consolidation of land ownership. Another trend in the market is the increasing use of technology in farming. Swiss farmers are adopting precision agriculture techniques such as GPS-guided tractors, drones, and sensors to optimize crop yields and reduce costs. This trend is expected to continue in the future, as technology becomes more advanced and affordable.
Local special circumstances: Switzerland's mountainous terrain and harsh climate present unique challenges for farmers. Many farmers operate on small plots of land and face high production costs. However, the Swiss government provides significant support to the agriculture sector, including subsidies and price guarantees. This has helped to maintain a high level of agricultural production in the country.
Underlying macroeconomic factors: Switzerland's strong economy and high standard of living have led to a high demand for high-quality food products. The country's location in the heart of Europe also makes it an attractive market for international food producers. However, Switzerland's strict regulations on food imports and exports can make it difficult for foreign companies to enter the market. Additionally, the appreciation of the Swiss franc has made it more difficult for Swiss farmers to compete with foreign producers.
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.