Denmark’s sandstone production showed notable increases starting from 2018, reaching 302,860 kilograms in 2023. Beginning from zero production from 2013 to 2017, the industry demonstrated a significant breakthrough with a consistent positive trend in the subsequent years. The year-on-year growth rate peaked at 202.33% in 2019, slightly declined in 2020 by -11.16%, experienced a robust recovery in 2021 with 76.32%, followed by consistent growth in 2022 and 2023 at 44.37% and 30.92% respectively. Over the past five years, the CAGR has been an impressive 55.02%.
In looking forward, from 2024 to 2028, the forecasted growth remains positive with a steady CAGR of 11.12%, projecting a 69.44% increase in total production within this period. This suggests a strong and sustainable growth trend for Denmark’s sandstone production.
Future trends to watch for include potential market saturation, technological advancements in sandstone extraction and processing, and fluctuations in global demand and prices, which could impact production volume and growth rates.
