The sold production of crude olive oil in Denmark saw an initial start in 2016 with a remarkable jump to 13,630 kilograms. Following this, there was a fluctuation in production levels, peaking at 17,520 kilograms in 2017 before experiencing a significant drop in 2018 and continued decline into 2019, followed by a moderate recovery starting 2020. In 2023, the production stood at 5,610 kilograms. Over the last five years, there has been an average yearly decline of -3.49%. Future projections from 2024 to 2028 suggest a stabilization in production levels, maintaining at 5,610 kilograms annually.
Variation Analysis:
- 2017: 28.57% year-on-year increase.
- 2018: -61.78% year-on-year decrease.
- 2019: -58.77% year-on-year decrease.
- 2020: 106.92% year-on-year increase.
- 2021: -1.87% year-on-year decrease, with a CAGR of -16.27%.
- 2022: 0.018% year-on-year increase, with a CAGR of -20.38%.
- 2023: 0% year-on-year increase, with a CAGR of -3.49%.
- 2028: Forecast 5-year CAGR of 0.01%, forecast 5-year growth rate of 0.04%.
Future trends to watch for include potential market stabilization maintaining current production levels, technological advancements in olive oil production, and possible influences from global olive oil market dynamics on local Danish production practices.
