Analysis of Alcoholic Beverages Demand in Denmark:
The demand for alcoholic beverages in Denmark has shown a fluctuating trend from 2014 to 2023. The value stood at 705.0 thousand metric tons in 2023. Year-on-year variations highlight significant shifts, with notable decreases in 2016 (-5.34%) and 2020 (-16.88%), while years like 2015 (1.46%), 2018 (4.89%), 2021 (14.78%), and 2022 (5.41%) saw increases. Over the last two years, the variation was barely noticeable at 0.28% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) was approximately -0.085%, indicating a slight decrease in demand on average each year.
Future trends to watch for:
- Stabilization of demand with an expected forecasted growth rate of approximately 0.98% over the next five years.
- A consistent but modest annual growth rate of 0.2% CAGR from 2024 to 2028, suggesting a slow but steady increase in demand.
