Over the period from 2013 to 2023, the production of road and pipeline transport in Denmark has displayed a generally upward trend, standing at 94.57 billion Danish Krones in 2023. The overall growth was punctuated by a significant drop of -15.58% in 2020 due to exceptional circumstances, likely attributable to the global pandemic. Recovery was swift with a 16.35% rise in 2021 followed by continued growth culminating in a 1.53% increase in 2023. The compound annual growth rate (CAGR) over the last five years was 1.48%.
Looking forward, the forecasted data from 2024 to 2028 highlights a steady growth trajectory with a forecasted 5-year CAGR of 1.21%, suggesting stability in the sector. By 2028, production is expected to reach 101.77 billion Danish Krones, indicating a cumulative growth rate of 6.21% from 2024 levels.
Future trends to watch for:
- Technological advancements influencing efficiencies in road and pipeline transport.
- Potential regulatory changes impacting the industry.
- Sustainability trends and the push towards greener transport methods.
- Global economic conditions affecting production and demand.