The sold production of wheat groats and meal in Denmark has shown a mixed but generally upward trend from 2013 to 2023. In 2023, the volume stood at 9.8651 million kilograms, reflecting a 5.24% year-on-year increase from 2022. Over the past five years, the compound annual growth rate (CAGR) was 6.57%, showing strong growth despite minor fluctuations. The most significant increase occurred in 2016 with a 94.53% rise, followed by a decline and steady recovery.
Future Trends to Watch For:
- Continued growth is forecasted, with a 3.42% CAGR projected over the next five years, culminating in a 12.246 million kilogram production by 2028.
- Potential impacts of climate change on wheat production.
- Emerging market demands and dietary trends favoring grains like wheat.
- Technological advancements in agricultural practices potentially increasing yield efficiency.