Denmark's import of coconut oil experienced a relatively steady upward trend from 2013 to 2023, starting from 2.7996 million kilograms in 2013 and reaching 3.71 million kilograms in 2023. Key growth milestones include significant annual increases like 22.02% in 2014 and 13.2% in 2017. The years 2020 and 2018 saw a notable decline with year-on-year variations of -7.69% and -10.37%, respectively. However, the overall market has displayed resilience with a 2023 year-on-year growth of 2.21%. The compound annual growth rate (CAGR) over the past 5 years from 2019 to 2023 stands at 0.99%, indicating a moderate but consistent increase.
The forecasted data from 2024 onwards anticipates a continual rise, reaching 4.0996 million kilograms by 2028. The forecasted 5-year CAGR is 1.59%, pointing towards a steady trajectory. Future trends to watch for include shifts in consumer preferences towards healthy and organic products, possible impacts of global supply chain issues, and regulatory changes related to import policies. These factors could significantly influence the trajectory of coconut oil imports into Denmark in the coming years.