The market for shelled groundnuts and nuts in Denmark has shown significant fluctuations over the years. Between 2012 and 2022, the market experienced both periods of growth and decline. From 2012 to 2014, the market value fell by approximately (13.81% in 2012 and -8.38% in 2014), while in subsequent years, it generally followed an upward trend with a significant increase in 2015 by 29.11%. The market peaked notably in 2019 at a value of 135.09 Million Euros, followed by slight stabilization in subsequent years. The average CAGR over the past 5 years rested at around 3.75%.
In the latter years, from 2020 to 2022, the value showed minor decline and growths; a less than 5% fluctuation. Specifically, 2021 saw a drop of 4.61%, whereas 2022 experienced a rebound with a 4.43% increase. As of 2023, the market value is positioned at approximately 135.84 Million Euros.
Future trends to watch for include the impact of new health trends on nut consumption, potential supply chain disruptions, and consumer preference shifts towards organic and sustainably-sourced products. Monitoring these factors will be crucial for understanding market dynamics in the coming years.
How does Denmark rank in Shelled Groundnuts and Nuts Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,328,800,000 | 2023 | +4.78% | +6% | View data |
| 2 | 2 France | 1,099,500,000 | 2023 | +2.17% | +2.91% | View data |
| 3 | 3 Poland | 497,890,000 | 2023 | +3.17% | +2.72% | View data |
| 4 | 4 Denmark | 136,560,000 | 2023 | +2.15% | +3.22% | |
| 5 | 5 Sweden | 129,700,000 | 2023 | +1.78% | +0.057% | View data |
| 6 | 6 Croatia | 31,309,000 | 2023 | +2.32% | +1.42% | View data |
