The import value of coconuts, Brazil nuts, and cashew nuts to Denmark has shown variability from 2013 to 2023, with fluctuations in year-on-year growth rates and changes in CAGR over different periods. By 2023, the import value stood at 20.424 million USD, reflecting a stable annual growth rate but with moderate cyclical variations.
Key trends include:
- Strong growth in 2017 with a 31.96% increase year-on-year, contrasted by significant declines such as in 2016 (-12.46%) and 2019 (-14.02%).
- Steady growth observed from 2020 to 2023, albeit at modest rates, with year-on-year increases ranging from 2.88% to 9.98%
- The CAGR over the last 5 years (ending in 2023) was 0.68%, indicating gradual growth amidst intermittent downturns.
Future forecasts predict continued growth in import values, with a projected 5-year CAGR of 1.95% and an overall growth rate of 10.16% through 2028.
Future trends to watch for include:
- The potential impact of global supply chain disruptions and price volatility on nut imports.
- Shifting consumer preferences towards health-conscious and sustainable food choices.
- Trade policy changes and their effect on import dynamics.