Between 2013 and 2023, Denmark's ornamental plants and flowers production value in Million Euros showed a mixed trend. The value decreased notably from 2013 to 2015, with variations of -8.82% and -5.84% respectively. Between 2016 and 2020, the market stabilized with minor fluctuations and a minor overall decline. In recent years, the market has shown signs of stabilization. From 2021 to 2023, the year-on-year variations were minimal, ranging between -0.98% to 2.01%, indicating a more stable production value in Million Euros. As of 2023, the market was valued at 355.43 million Euros.
The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was -0.37%, indicating a slight decline. However, from 2024 onwards, the forecast suggests a positive trend with a forecasted 5-year CAGR of 0.23% and an overall 1.17% growth rate through 2028. The production value is expected to steadily increase, reaching 360.81 Million Euros by 2028.
Future trends to watch:
- Sustainable and eco-friendly production practices that may attract consumer interest and influence demand.
- Technological advancements in horticulture that could improve efficiency and reduce costs, thereby impacting production value.
- Potential changes in export markets or trade policies affecting production dynamics.
