The Non-Metallic Minerals Sector's final consumption of hard coal in Denmark has demonstrated significant year-on-year variations and notable long-term trends. Actual data from 2013 to 2023 reveal a growth trend, peaking at a value of 160.8 thousand metric tons in 2023. The annual growth rate has fluctuated, with important increases in 2017 and 2018, and a noticeable decline in 2019. Over the last two years, the sector saw steady growth: 6.91% in 2022, followed by 5.17% in 2023. The compounded annual growth rate (CAGR) over the last five years stands at 4.45%, indicating moderate but consistent growth in this period.
Looking ahead, forecasted values from 2024 to 2028 show a slower growth rate, with a projected 5-year CAGR of 1.73% and an overall growth rate of 8.94%. While the upward trend continues, it suggests a stabilization in consumption levels in the near future.
Future trends to watch for include the potential impact of energy transition policies, shifts towards alternative energy sources, and technological advancements in the non-metallic minerals sector. Monitoring these factors is crucial as they could significantly influence the sector's hard coal consumption patterns.