Forecast: Alcoholic Beverages Non-food Uses in Denmark

The historic data for Alcoholic Beverages Non-food Uses in Denmark indicates fluctuating values from 2014 to 2023. From 2014 to 2016, there was a noticeable decline, bottoming out in 2016 with a substantial dip of 8.22%. However, the trend reversed in 2017 with a 10.45% increase, followed by significant growth in 2018 at 12.16%. Post-2018, the value oscillated moderately, with minor year-on-year variations from 2020 onwards, stabilizing around a steady growth rate.

In 2023, the value stood at 166.0 thousand metric tons, experiencing a marginal increase of 1.22% from the previous year. The CAGR over the past five years was 0.47%, indicating a stabilized growth trajectory.

Looking ahead, forecasts for the years 2024 through 2028 suggest continued stability with gradual growth. The CAGR for the forecasted period is projected at 0.47%, and the overall growth rate over these five years is expected to be 2.4%, reaching 171.0 thousand metric tons by 2028.

Future trends to watch for include potential policy changes impacting alcohol production for non-food uses, innovations in sustainable practices, and shifts in industrial demand that could affect overall consumption patterns.