From 2013 to 2023, the meat products production value in Denmark experienced fluctuations. The highest value was recorded in 2013 at 6.23 billion Euros, subsequently declining with minor fluctuations to 4.33 billion Euros in 2023. Key variations include significant drops in 2014 and 2018 by -9.51% and -31.54%, respectively. The production value slightly recovered from 2019 to 2020, showing an increase of 9.56% and 6.17%, but has been declining again since, with a notable decrease of -1.34% in 2023. Over the last five years, the CAGR is -1.09%, indicating a decreasing trend.
Future trends to watch for:
- Continued decline in production value with forecasted yearly decreases averaging around -1.09% per year until 2028.
- Potential impacts of macroeconomic factors, changing consumer preferences, and technological advancements on production efficiencies.
- The effect of sustainability practices and regulations on meat production industries.