The shelled groundnuts and nuts market in Denmark experienced a steady decline in volume from 2013 to 2023, with occasional fluctuations. The consumption volume stood at 23.248 million kilograms in 2023, reflecting a year-on-year decrease of 3.57%. Over the past two years, variations showed declines of 3.5% and 3.57% for 2022 and 2023, respectively. The compound annual growth rate (CAGR) for the last five years was relatively stable at 1.02%.
Forecasts from 2024 onwards indicate a continued downward trend, with the volume expected to decline further to 19.066 million kilograms by 2028. The forecasted 5-year CAGR is -3.17%, suggesting an overall negative growth rate of -14.86% during this period.
Future trends to watch for include shifts in consumer preferences, potential impacts of health trends on nut consumption, and the role of imports and domestic production in meeting demand.
