The Still Wine market in Denmark has experienced fluctuations over the past decade with a general downward trend from 2012 to 2017, marked by notable decreases in market volume. Despite a minor recovery in 2018 and 2019, subsequent variations have shown mixed results, with a significant uptick in 2021 followed by a slight dip in 2022. Over the last two years, the market volume increased by 5.4% in 2021 but then decreased by 1.43% in 2022. For the five-year period, the Compound Annual Growth Rate (CAGR) stood at 1.89%.
As we move into 2024, several future trends to watch for include:
- Shifts in consumer preferences towards organic and sustainable wine options.
- Impact of global economic conditions on purchasing power and discretionary spending on still wine.
- Potential effects of innovations in digital marketing and e-commerce channels on sales volume.
Observing these trends can provide valuable insights into the potential growth trajectory and opportunities within the Danish still wine market.
How does Denmark rank in Still, Wine Market Size Volume?
| # | 13 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,784,200,000 | 2023 | +1.81% | +1.58% | View data |
| 2 | 2 United Kingdom | 1,096,000,000 | 2023 | -0.07% | +0.47% | View data |
| 3 | 3 Portugal | 965,380,000 | 2023 | +4.58% | +3.55% | View data |
| 4 | 4 Sweden | 172,070,000 | 2023 | -0.56% | -0.26% | View data |
| 5 | 5 Czech Republic | 160,360,000 | 2023 | +1.19% | -2.39% | View data |
| 6 | 6 Denmark | 156,980,000 | 2023 | +2.33% | +2.03% | |
| 7 | 7 Poland | 149,410,000 | 2023 | +3.3% | +3.11% | View data |
| 8 | 8 Greece | 94,811,000 | 2023 | +0.028% | -2.96% | View data |
