The output of Postal and Courier Services in Denmark has shown a consistent decline from 2013 to 2023, with several fluctuations. After peaking in 2013, there was a general downward trend over the next few years, with significant drops in 2020 due to likely economic disruptions. However, the sector saw a modest recovery in 2021 and 2022. In 2023, the output stood at 15.05 Billion Danish Krones, reflecting a slight year-over-year decline of 0.73%. The five-year average growth rate (CAGR) from 2019 to 2023 was -0.82%.
Key variations:
- The sharpest annual drop was in 2020 at -18.27%.
- The most substantial annual increase was in 2021 at 13.61%.
Forecasts for the next five years indicate a continued, albeit slower, decline with a forecasted five-year CAGR of -0.61% and overall forecasted growth rate of -2.99% by 2028.
Future trends to watch for include the impact of digitalization on traditional postal services, potential economic recovery post-pandemic, and the growing demand for last-mile courier services driven by e-commerce.
