The final consumption of heat in the mining and quarrying sector in Denmark has shown significant fluctuations over the past decade. Starting at 46 Terajoules in 2013, the value dropped sharply by 41.3% in 2014 to 27 Terajoules. This downward trend continued with only minor oscillations, reaching a low point of 26.15 Terajoules in 2015. This phase was followed by a period of recovery, peaking at 38.13 Terajoules in both 2020 and 2021, remaining steady through to 2023. The Compound Annual Growth Rate (CAGR) for the latest five-year period stands at 3.81%, reflecting moderate stability.
Key Observations:
- Decline between 2013 and 2015, followed by recovery and stability in recent years.
- From 2020 onwards, consumption stabilized around 38.14 Terajoules.
- Minimal year-on-year variation in 2022 and 2023, indicating a stable trend.
Looking ahead, the forecast predicts a very stable consumption pattern through 2028, with a forecasted five-year CAGR of 0% and a negligible growth rate of 0.02%. Future trends to watch include potential technological advancements in heat efficiency, policy changes related to energy use, and overall economic conditions in the mining and quarrying sector, which could disrupt the predicted stability. Monitoring these factors will be crucial for anticipating any deviations from the current forecast.