The import of virgin olive oil to Denmark is expected to grow steadily based on the forecasted data. In 2023, Denmark imported 4.74 million kilograms of virgin olive oil. The forecasted values for the following years are 4.82 million kilograms in 2024, 4.90 million kilograms in 2025, 4.98 million kilograms in 2026, 5.06 million kilograms in 2027, and 5.14 million kilograms in 2028.
Year-on-year variations are projected as follows:
- 2024: +1.7%
- 2025: +1.7%
- 2026: +1.6%
- 2027: +1.6%
- 2028: +1.5%
The compound annual growth rate (CAGR) over the next five years stands at approximately 1.6%.
Future trends to watch for include potential shifts in consumer preferences towards high-quality and health-focused olive oil products, possible economic impacts on consumer purchasing power, and fluctuations in global olive oil production that may influence export volumes and prices.
