The wheat demand in Denmark stood at 3.75 million metric tons in 2023, showing a slight decrease of 0.64% compared to the previous year. Over the last five years, the compound annual growth rate (CAGR) was approximately 0.2%. Analyzing the data from 2014 onward, it becomes evident that there was a peak in 2016, followed by a general decline. Notably, from 2018 to 2023, the wheat demand steadily decreased year-on-year.
Future trends to watch for include the forecasted continued decline in wheat demand, estimated at a five-year CAGR of -0.53%. This suggests that by 2028, the wheat demand in Denmark could reduce to around 3.63 million metric tons. Factors such as changes in agricultural practices, dietary shifts, and the impact of climate change on crop yields should be closely monitored to understand their influence on this trend.
