The sold production of orange juice in Germany has shown a consistent decline from 2013 to 2023. The volume decreased by 29.36% over this period, with a notable decline in 2017 and 2021. The compound annual growth rate (CAGR) over the last five years is -2.31%. In 2023, the sold production volume stood at 498.08 million liters, continuing its downward trend.
Year-on-Year Variations:
- 2022 to 2023: -2.65%
- 2021 to 2022: -2.3%
The forecasted data indicates that this declining trend will persist, with an expected annual decrease averaging -2.27% and an overall reduction of 10.82% from 2024 to 2028.
Future Trends to Watch:
- Market adaptation to changing consumer preferences and health trends.
- Impact of global supply chain issues on product availability and pricing.
- Potential innovation and product diversification within the beverage industry.
