Key Market Indicators
The production in Denmark's mining and quarrying sector is projected to hit approximately €4.2 billion by 2028, rising from around €4 billion in 2023. This represents an average annual growth rate of 1%. However, the sector has seen a decline of 2.6% per year since 1980. As of 2023, Denmark ranked 11th, with Romania surpassing it with a production value of about €4 billion. The United Kingdom, Poland, and the Netherlands secured the 2nd, 3rd, and 4th spots, respectively. In terms of revenue, Denmark's mining and quarrying sector is expected to drop to roughly €1.1 billion by 2028, down from about €2.8 billion in 2023. This indicates an average annual decline of 14.8%. Since 2010, the market has been shrinking by 8.6% per year. In 2023, Denmark was ranked 10th, with Spain leading at approximately €2.8 billion. The United Kingdom, Germany, and Poland ranked 2nd, 3rd, and 4th, respectively.
