The agricultural services production in Denmark stood at 622.29 Million Euros in 2023. The year-on-year variation in 2023 was 0.22%. When comparing the year-on-year variations over the last two years, there is a slight increase from the 1.96% in 2022 to the 0.22% in 2023. Evaluating the compound annual growth rate (CAGR) of the last five years (2018-2023) reflects an average yearly growth of 1.10%.
Looking ahead to the forecasted years from 2024 to 2028, the CAGR is expected to be 0.59%, indicating a steady but slower growth compared to the previous period. Over the five-year forecast period, the overall growth rate is projected at 2.99%.
Future trends to watch for in Danish agricultural services include:
- Technological advancements improving efficiency and output.
- Impact of climate change on agricultural productivity.
- Policy and subsidy changes at the European Union level influencing market dynamics.
