Analyzing the data of employment in the mining and quarrying sector in Denmark from 2013 to 2023, we notice significant fluctuations. Employment declined from 3.19 thousand in 2013 to 2.61 thousand in 2016. The sharpest growth occurred in 2017 with a 67.25% increase to 4.37 thousand. This increment stabilized somewhat, peaking at 4.62 thousand in 2018 before a gradual decline commenced, leading to 4.16 thousand by 2023, representing a decrease of 0.34% from 2022. The Compound Annual Growth Rate (CAGR) from 2019-2023 displayed a slight negative trend at -2.08%.
Forecasts project a continued, albeit slight, decline in employment, from 4.14 thousand in 2024 to 4.09 thousand by 2028, reflecting a forecasted 5-year CAGR of -0.27%. Key trends to watch include technological advancements and policy changes impacting the sector. Environmental regulations and the shift towards sustainable practices could significantly influence employment trends moving forward.
