The historical data from 2014 to 2023 depicts a consistent growth trajectory in the pork market volume in Denmark, increasing from 105.0 thousand metric tons in 2014 to 170.0 thousand metric tons in 2023. This period saw notable year-on-year variations, including significant rises of 12.38% in 2015 and 14.41% in 2016, followed by more moderate growth rates in recent years, culminating in a 2.41% increase in 2023. The 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 2.13%, indicating steady growth in the latter period.
For the forecasted period from 2024 to 2028, the market is projected to maintain its upward trend, growing from 173.0 to 187.0 thousand metric tons. The expected 5-year CAGR stands at 1.57%, demonstrating a slight deceleration compared to historical growth rates, yet continuing to show positive development with an overall 8.09% growth rate over the forecast period. Future trends to watch for include potential impacts of trade policies, consumption pattern shifts towards alternative proteins, and advancements in pork production technologies.
