The sold production of Portland cement in Denmark has shown a fluctuating growth trajectory from 2013 to 2023. Starting at 1.85 billion kilograms in 2013, the production saw increases with some peak years such as 2016 and 2020. By 2023, the production volume reached 2.42 billion kilograms, showing a slight improvement of 0.5% year-on-year. However, the CAGR over the past five years (2018-2023) was relatively flat at 0.4%, indicating modest growth.
Future trends to watch for include:
- Continued steady growth projected, with the forecasted 5-year CAGR at 0.38% from 2023 to 2028.
- Expected production volume of 2.4783 billion kilograms by 2028, reflecting a gradual increase in market demand.
- Sustainable construction practices and green technology advancements potentially driving demand fluctuations.