The data indicates that the sold production of malt in Denmark has experienced varied annual growth, with year-on-year variation percentages fluctuating between -6.99% to 9.14% from 2013 to 2023. Notably, the actual value in 2023 stood at 299.64 Million Kilograms. Short-term performance from 2022 to 2023 saw a modest increase of 1.52%. Over the past five years, the CAGR reflects average growth at a positive rate of 1.52%, hinting at overall stability in production.
Forecast data for 2024 and beyond suggest a steady upward trend, with a forecasted average annual growth rate (CAGR) over the next five years of 1.11%. By 2028, production is projected to reach 321.37 Million Kilograms, marking a cumulative growth of 5.69% from 2024.
Future trends to watch for include potential impacts of global agricultural developments, local regulatory changes, and shifts in demand driven by both domestic and international markets. Monitoring these factors could provide further insights into production adjustments and market strategies.
