The Gross Value Added (GVA) in Denmark's mining and quarrying sector decreased significantly from 2013 to 2020, with fluctuations in 2017 and 2018. Despite a strong rebound in 2021 and continuous growth into 2023, the sector's value stood at 19.03 Billion Danish Krones in 2023. The year-on-year percentage changes highlight volatility, with notable increases in 2021 (44.45%) and 2022 (18.45%), and a CAGR from 2018 to 2023 at -5.04%. Forward-looking data predicts a stable forecast from 2024 to 2028, with minimal growth and a forecasted 5-year CAGR of 0.05% and overall growth rate of 0.26%.
Future trends to watch for include technological advancements, shifts in global demand for mining outputs, and environmental regulatory changes. These factors will likely influence the stability and potential growth in the long-term outlook of Denmark's mining and quarrying sector.
