The spirits market in Denmark showed fluctuations from 2013 to 2023, peaking in 2019 with a value of 157.03 million Euros. The market dipped in 2020, then recovered and stabilized from 2021 to 2023. In 2023, the market stood at 157.1 million Euros, indicating a 1.35% year-on-year increase and an average annual growth rate (CAGR) of 0.3% over the last five years.
Variations:
- 2013: -0.91% YoY
- 2014: 8.34% YoY
- 2015: 5.59% YoY, 4.24% CAGR
- 2016: -12.51% YoY, -0.35% CAGR
- 2017: -6.62% YoY, -1.52% CAGR
- 2018: 24.61% YoY, 3.1% CAGR
- 2019: 1.45% YoY, 1.75% CAGR
- 2020: -8.58% YoY, -1.14% CAGR
- 2021: 8.37% YoY, 3.18% CAGR
- 2022: -0.36% YoY, 4.53% CAGR
- 2023: 1.35% YoY, 0.3% CAGR
Forecast:
- 2028: 0.99% forecast 5-year CAGR, 5.07% forecast growth rate
Future market trends to watch include shifts in consumer preferences towards premium and craft spirits, increased focus on sustainability within the industry, and potential regulatory changes impacting market dynamics.