From 2014 to 2023, beer demand in Denmark experienced fluctuating growth. The demand increased steadily from 350.0 thousand metric tons in 2014 to 376.0 thousand metric tons in 2023, displaying a compounded annual growth rate (CAGR) of 0.43%. Notable deviations include a significant drop of 16.55% in 2020 and a recovery of 14.77% in 2021. Year-on-year variation recently stabilized, standing at 0.27% in 2023.
Looking forward, the forecasted data from 2024 to 2028 suggests a steady but modest increase in demand, with the CAGR expected to be 0.32%, translating to a total growth of 1.62% over the period. Key trends to watch include potential impacts of economic shifts, changing consumer preferences, and regulatory changes affecting the industry.
