The forecast for the import of olive oil to Denmark shows a consistent upward trend from 2024 to 2028, with values expressed in Million US Dollars. Starting from a value of $34.653 million in 2024, the import value increases each subsequent year, reaching $37.26 million in 2028. This forecast represents a steady year-on-year growth. For context, the import value in 2023 stood at $34.1 million.
Year-on-year percentage variations reveal the following trends:
- 2024: 1.6% increase
- 2025: 1.94% increase
- 2026: 1.87% increase
- 2027: 1.79% increase
- 2028: 1.72% increase
Looking at the compound annual growth rate (CAGR), the average annual growth rate over the five years (2024-2028) is approximately 1.78%.
Future trends to watch for include potential shifts in consumer preferences towards healthier cooking oils, which may further stimulate the demand for olive oil. Additionally, changes in international trade policies, environmental factors affecting olive harvests, and fluctuations in global olive oil prices could significantly impact Denmark's import levels.
