From 2012 to 2022, the still wine market in Denmark has demonstrated a varied performance with both periods of growth and decline. The market value increased overall from 567.15 million Euros in 2012 to 705.02 million Euros in 2022, showcasing consistent annual variations. Noteworthy increments were observed in 2019 and 2022 with year-on-year growth of 5.25% and 6.53% respectively. Conversely, there was a notable decline in 2021 with a year-on-year drop of 4.98%. The average annual growth rate (CAGR) over the past five years up to 2022 stands at 2.54%.
Future trends to watch for include rising interest in organic and sustainable wine options, potential impacts of economic fluctuations on consumer spending patterns, and increasing competition from alternative alcoholic beverages. Technological advancements in viticulture and evolving consumer preferences for premium wines could further shape market dynamics.
How does Denmark rank in Still, Wine Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,373,400,000 | 2023 | +3.94% | +2.81% | View data |
| 2 | 2 United Kingdom | 3,427,700,000 | 2023 | -0.35% | +0.53% | View data |
| 3 | 3 Sweden | 890,910,000 | 2023 | +1.37% | +3.38% | View data |
| 4 | 4 Denmark | 753,330,000 | 2023 | +2.88% | +3.36% | |
| 5 | 5 Czech Republic | 533,710,000 | 2023 | +3.17% | +2.13% | View data |
| 6 | 6 Poland | 476,050,000 | 2023 | +4.62% | +3.01% | View data |
