Denmark's production of paper and paper products has shown notable fluctuations over the decade leading up to 2023. After peaking in 2015, the production has generally seen a declining trend with a significant drop in 2020, followed by a moderate recovery. By 2023, the production stood at 8.89 billion Danish Krones, marking a -0.34% year-on-year variation.
Recent years reflect periods of volatility, with instances like the substantial decline in 2020 and a commendable recovery in 2021. Looking back over the last five years, the compound annual growth rate (CAGR) from 2019 to 2023 is negative, at approximately -0.41%, indicating a slight but steady downturn.
Looking forward, projected data from 2024 to 2028 suggest a continuing gradual decline in production. The five-year forecast indicates a CAGR of -0.28%, leading to an aggregate reduction of -1.4% by 2028.
Future trends to watch for include:
- Shifts towards digital alternatives and their impact on paper demand.
- Environmental regulations and sustainable practices influencing production methods.
- Technological advancements enhancing efficiency in production processes.