From 2012 to 2022, the frozen bovine meat market in Denmark has experienced significant fluctuations. The market saw a peak value of 53.057 million euros in 2012, followed by a considerable drop of 20.32% in 2013. This decline persisted until 2018, when the value stabilized around 38 million euros. A notable uptick was observed in 2019 with a 24.77% increase, bringing the market value to 47.648 million euros. Despite a slight decline in 2020 and minor fluctuations thereafter, the market maintained a stable value around 45.5 million euros from 2020 to 2022.
Year-on-year variations highlight the market's vulnerability to market shocks and external factors. Notable is the average CAGR of 3.25% from 2018 to 2022, indicating a gradual recovery and stabilization in recent years. The market in 2023 continued to stand strong, maintaining a similar value to 2022.
Future trends to watch for include potential changes in consumer preferences toward plant-based alternatives, impacts of global trade policies on meat imports and exports, and the influence of environmental sustainability practices on meat production and consumption.
How does Denmark rank in Frozen Bovine Meat Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,381,900,000 | 2023 | +3.04% | +4.16% | View data |
| 2 | 2 Italy | 338,660,000 | 2023 | +4.96% | +4.7% | View data |
| 3 | 3 Sweden | 303,590,000 | 2023 | +1.29% | +1.69% | View data |
| 4 | 4 Spain | 154,310,000 | 2023 | -3.26% | -8.98% | View data |
| 5 | 5 Finland | 109,850,000 | 2023 | +5.69% | +1.82% | View data |
| 6 | 6 Greece | 65,420,000 | 2023 | -3.1% | -3.18% | View data |
| 7 | 7 Denmark | 41,496,000 | 2023 | -3.31% | +1.68% | |
| 8 | 8 Hungary | 36,354,000 | 2023 | +7.89% | +1.44% | View data |
| 9 | 9 Bulgaria | 30,045,000 | 2023 | -1.46% | -0.35% | View data |
