In Denmark, the production value of electronic components increased significantly from 99.4 million euros in 2013 to a peak of 145.5 million euros in 2020. However, this upward trend reversed, with values declining steadily from 2021 onwards, standing at 122.3 million euros in 2023. The year-on-year variations indicate a sharp decline of -14.43% in 2021, followed by milder decreases of -0.96% in 2022 and -0.81% in 2023. The CAGR for the last five years (2019-2023) is -1.35%, reflecting a negative growth trend.
Future projections indicate a continuing decline in production value through 2028, with a forecasted 5-year CAGR of -0.36% and an overall forecasted 5-year growth rate of -1.81%. This signals a persistent downward trend in the medium term.
Future trends to watch for include the potential impact of technological advancements, supply chain stabilization post-pandemic, and shifts in global demand for electronic components, which could introduce variability in the observed downward trend.
