The production of spirits, liqueurs, and other spirituous beverages in Denmark has displayed significant fluctuations over the past decade. The industry's value peaked in 2014 and experienced substantial declines, most notably in 2016. Recovery efforts saw a modest rise in value toward 2018 before the trend reversed again, with the successive annual declines leading up to 2023 where the value stood at €8.9786 million. The 2023 year-on-year variation was -6.04%, and the average annual variation (CAGR) over the last five years was -6.68%.
Forecasts indicate continued decline in production values, with a projected -10.59% CAGR over the next five years, which would result in a drop of 42.86% by 2028, reaching an estimated value of €4.6226 million.
Future trends to watch for include:
- Shifts in consumer preferences towards premium and craft spirits
- Increased regulatory pressures on alcohol production and sales
- Potential market expansion through exports and tourism-related demand
- Impact of technological advancements on production efficiency