The Brandy and Cognac market in Denmark experienced fluctuating growth between 2013 and 2023, ultimately decreasing from 8.3742 million euros in 2013 to 6.7176 million euros in 2023. From 2019 to 2020, there was a significant drop of nearly 19.74%, reflecting a challenging period for the market. Following this, a partial recovery occurred in 2021 and 2022 with moderate growth, but the year 2023 saw another decline of 3.44%. The compounded annual growth rate (CAGR) over the past five years indicates an average annual decline of 3.39%.
Future trends to watch for include potential shifts in consumer preferences towards premium and handcrafted spirits, the impact of sustainability and eco-friendly practices, and the influence of global economic conditions on disposable incomes, which may further affect market demand.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
| 8 | 8 Sweden | 11,320,000 | 2023 | +1.69% | +0.97% | View data |
| 9 | 9 Croatia | 7,174,400 | 2023 | +0.43% | -1.91% | View data |
| 10 | 10 Denmark | 6,717,600 | 2023 | -3.44% | -3.39% | |
| 11 | 11 Slovakia | 6,524,200 | 2023 | -5.18% | -5.87% | View data |
| 12 | 12 Hungary | 5,045,500 | 2023 | -6.17% | -7.05% | View data |
