The output of agricultural products and livestock in Denmark has demonstrated fluctuations over the past decade. The recorded value in 2023 stands at 82.95 billion Danish Krones, marking a steady increase of 0.88% from 2022. The yearly data highlights considerable variability, including notable declines in 2015 and 2016, followed by significant rebounds in subsequent years.
Year-on-year variations indicate a generally positive trend, particularly from 2019 onwards. The recent year's CAGR of 2.68% for 2023 confirms a period of consistent growth. Forecasts predict this momentum to continue, with an expected CAGR of 0.66% over the next five years, achieving a value of 86.47 billion Danish Krones by 2028.
Future Trends to Watch For:
- Impact of climate change on crop yields and livestock productivity.
- Advancements in agricultural technology and sustainability practices.
- Shifts in global trade dynamics affecting export markets.
- Changes in governmental policies and subsidies for the agricultural sector.
