The whisky market in Denmark has shown significant fluctuations from 2012 to 2022. The market value decreased consistently from 2012 to 2014, with notable year-on-year declines. A brief recovery occurred in 2015, but the market value again dropped in the subsequent years until 2017. However, from 2018 onwards, the market witnessed a substantial resurgence, highlighted by a peak in 2019 and moderate growth despite a significant dip in 2020. The five-year CAGR shows an overall positive trend, indicating a market recovery.
Future trends to watch include a potential stabilization of market value given the recent positive CAGRs, and the impact of emerging consumer preferences for premium and artisanal whisky products. Additionally, broader economic factors and changing consumption patterns might influence market dynamics moving forward.
How does Denmark rank in Whisky Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 681,040,000 | 2023 | -0.72% | -1.41% | View data |
| 2 | 2 Spain | 623,550,000 | 2023 | +0.55% | +0.69% | View data |
| 3 | 3 Poland | 419,290,000 | 2023 | +8.39% | +10.52% | View data |
| 4 | 4 Germany | 319,710,000 | 2023 | +1.73% | +0.41% | View data |
| 5 | 5 Bulgaria | 119,980,000 | 2023 | +3.21% | +3.72% | View data |
| 13 | 13 Finland | 32,369,000 | 2023 | +2.95% | +1.36% | View data |
| 14 | 14 Hungary | 31,285,000 | 2023 | +3.09% | +0.55% | View data |
| 15 | 15 Denmark | 22,496,000 | 2023 | -0.33% | +0.2% | |
