The unwrought aluminium market in Denmark has shown fluctuations over the past decade. From 2013 to 2015, the market experienced consistent growth. There was a sharp increase in 2016, followed by a smaller rise in 2017. The market saw a decline in 2018 and continued to decrease until 2021. A slight recovery began in 2022, continuing into 2023, stabilizing at 75.376 million kilograms. The year-on-year growth rate from 2022 to 2023 was 1.72%, indicating a modest recovery. The five-year Compound Annual Growth Rate (CAGR) was -0.6%.
Future trends to watch for include:
- Potential growth in demand for unwrought aluminium driven by the construction and automotive sectors.
- Impact of sustainability initiatives and recycling efforts on market supply and demand.
- Technological advancements in aluminium production and processing.
- Global economic factors that could influence import and export dynamics.
