Forecast: Mining and Quarrying Output in Denmark

The Mining and Quarrying sector in Denmark witnessed a significant decline from 2013 to 2020, with values decreasing from 55.53 billion Danish Krones in 2013 to a low of 18.25 billion in 2020. This period was marked by substantial year-on-year drops, notably 35.29% in 2015 and 36.02% in 2020. However, a recovery trend began in 2021, with the output gradually increasing to 28.65 billion in 2023, demonstrating a year-on-year growth of 7.87%. Looking at the last five years, the average annual growth rate (CAGR) was approximately -3.27%.

Moving forward, the forecast for the next five years (2024-2028) suggests a period of stabilization with minimal growth. The expected annual growth rate is modest, at around 0.08%, indicating that the sector will likely hover around the 28.68 to 28.79 billion Danish Krones mark from 2024 to 2028. Key trends to monitor include technological advancements in mining operations, regulatory changes, and fluctuations in global commodity prices which could impact production levels and profitability in the sector.