The milled or broken rice market in Denmark has shown notable fluctuations in volume over the past years. The market volume declined from 28.078 million kilograms in 2013 to a low of 24.091 million kilograms in 2018. However, from 2019 onwards, the market began to recover, showing a positive year-on-year variation, with 2023 standing at 35.392 million kilograms. The last two years saw growth rates of 6.85% in 2023 and 5.58% in 2022, leading to substantial overall growth. The average annual growth rate (CAGR) over the last five years was 8%.
The forecast for the upcoming five years remains optimistic, with a CAGR of 4.28% expected, propelling the market volume to reach 46.402 million kilograms by 2028. This represents a forecasted growth rate of 23.28% over five years.
Future trends to watch for include potential impacts of global rice production variations, changes in consumer dietary preferences towards rice, and any economic factors influencing import costs. Advances in agricultural technology could also affect supply and pricing dynamics within the market.
