The import volume of coconut oil in Denmark remained flat at 4.0 thousand metric tons for most years from 2014 to 2023, with a slight increase in 2016 and 2017 reaching 5.0 thousand metric tons before stabilizing back at 4.0 thousand metric tons in subsequent years. This indicates a largely stable market with little year-on-year variation, except for a brief peak and drop between 2016 and 2018.
The year-on-year variation was 25% positive in 2016, a 20% decline in 2018, and zero in other years. The CAGR over the past five years leading to 2023 was zero, reflecting no significant growth or decline.
The forecast from 2024 onward maintains the import volume at 4.0 thousand metric tons, implying continued stability with no anticipated growth or decline, bolstered by a forecasted 5-year CAGR of zero.
Future trends to watch for:
- Emerging health trends promoting coconut oil use.
- Potential shifts in trade policies affecting import dynamics.
- Changes in consumer preferences towards alternative oils and fats.