The raw wool production value in Denmark stood at 400.0 Thousand Euros in 2023. Over the years, we see considerable fluctuations in production values. From a high point of 540.0 Thousand Euros in 2014 and 2018, the value dropped to as low as 390.0 Thousand Euros in 2022. Recent years have shown a trend of stabilization around 400.0 Thousand Euros from 2023 onwards and forecasted data up to 2028 also maintains this value, indicating no significant change expected in the near future.
Key trends and variations over the last two years:
- 2022 experienced a negative year-on-year variation of -4.88%.
- 2023 saw a slight positive year-on-year variation of 2.56%.
- The compound annual growth rate (CAGR) over the last five years from 2018 to 2023 is -5.83%.
Future trends to watch for include:
- The forecast for 2024 to 2028 suggests a steady wool production value remaining at 400.0 Thousand Euros.
- No significant growth or decline is expected in the wool production value, indicating stability but also a lack of dynamic market changes.
