The apple market size volume in Denmark has exhibited notable volatility over the past decade. Actual data between 2014 and 2023 reveal significant fluctuations, including a peak consumption of 38.0 thousand metric tons in 2014 and a steady decrease to 15.0 thousand metric tons by 2023. The market experienced substantial declines in specific years, such as a drastic drop of -37.04% in 2016, but also saw sharp rebounds, notably an 88.24% increase in 2017. The average annual growth rate (CAGR) over the last five years leading to 2023 indicates a decline of -4.62%.
Future projections highlight a continuing downward trend in apple market size volume, with forecasts predicting a reduction to 9.0 thousand metric tons by 2028, translating to a 5-year CAGR of -8.46% and an overall decline of -35.71% from 2023 levels.
Future Trends to Watch For:
- Potential shifts in consumer preferences towards alternative fruits or dietary changes affecting apple consumption.
- Impact of economic factors and purchasing power on fruit consumption trends.
- Advancements in agricultural practices and potential for increased local production.
- Effects of climate change on apple yields and quality.
