The market for chemical preparations for photographic uses in Denmark experienced significant fluctuations between 2013 and 2023. It peaked at a volume of 561.5 thousand kilograms in 2014 but declined steadily to 225.93 thousand kilograms by 2023. The market showed a year-on-year decrease of 9.66% from 2022 to 2023, reflecting a long-term contraction, particularly noticeable from 2015 onwards. Over the last 5 years, the market contracted at an average annual rate (CAGR) of -7.55%.
Future trends to watch for:
- Expected market size decline over the next 5 years, with a projected CAGR of -12.99%.
- Potential decrease in total market volume by 50.12% by 2028, indicating continued lower demand for chemical photographic preparations.
