The sold production of refined palm oil in Denmark has varied significantly between 2013 and 2023. In 2023, the value stood at 114.09 million kilograms. From 2013 to 2017, the market showed a robust upward trend, peaking in 2018, followed by a slight decline in 2019 and a sharper decline in 2020. The market rebounded in 2021 and continued to grow through 2023.
Year-on-year variations were notable, including a significant dip of 22.4% in 2020 and a growth of 19.75% in 2022 and 9.35% in 2023.
The five-year CAGR from 2018 to 2023 shows a modest average yearly growth of 1.58%, while forecasted data from 2024 to 2028 project a higher CAGR of 2.98%, implying a steady growth outlook for the near future.
Future trends to watch for include potential impacts of regulatory changes, sustainable sourcing practices, and shifts in global demand for refined palm oil. Technological advancements in production methods and evolving consumer preferences towards healthier and more sustainable oils could also influence future trends.
