The spirits market in Denmark displays fluctuating trends over the period from 2012 to 2022. The market size value in million euros saw a peak in 2019 at 157.03, followed by a decline in 2020 to 143.56. The value rebounded in 2021 to 155.57 and remained stable through 2022 at 155.17. Examining the year-on-year growth, the market had significant variations, with the steepest declines observed in 2016 and 2020 at -12.51% and -8.58% respectively, and large gains in 2014 and 2018 at 8.34% and 24.61%. The CAGR over the last five years (2017-2022) shows modest growth, reflecting a positive 4.55% average annual growth rate. Key observations over the last two years show a dip in 2022 by -0.26% after an increase of 8.37% in 2021.
Future trends to watch for:
- Monitoring consumer behavior post-pandemic for shifts towards premium or budget-friendly spirits.
- Observing regulatory changes that may impact import tariffs, affecting market prices and competitiveness.
- Assessing the influence of sustainability and ethical consumption on purchasing decisions in the spirits market.
How does Denmark rank in Spirits Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 1,930,900,000 | 2023 | +3.99% | +6.47% | View data |
| 2 | 2 Italy | 1,680,900,000 | 2023 | -0.88% | +3.38% | View data |
| 3 | 3 Spain | 1,680,400,000 | 2023 | -0.65% | -0.75% | View data |
| 4 | 4 Germany | 838,740,000 | 2023 | +0.88% | -0.15% | View data |
| 5 | 5 Czech Republic | 403,960,000 | 2023 | +3.78% | +2.72% | View data |
| 12 | 12 Slovakia | 197,550,000 | 2023 | +2.82% | +3.16% | View data |
| 13 | 13 Lithuania | 159,730,000 | 2023 | +0.7% | +4.64% | View data |
| 14 | 14 Denmark | 157,100,000 | 2023 | +1.35% | +0.3% | |
| 15 | 15 Croatia | 115,010,000 | 2023 | +4.29% | +0.52% | View data |
