From 2013 to 2023, the stone, sand, and clay quarrying production value in Denmark has experienced significant fluctuations. After a notable decline in 2013 and 2014, the value increased sharply by 28.37% in 2015, only to dip again in 2016. This was followed by a period of steady growth with some variability, rising from €301.5 million in 2018 to €377.1 million in 2020. The value decreased by 10.79% in 2021 but then showed moderate growth in the subsequent years, reaching €353.4 million in 2023.
Key past trends:
- 2015 witnessed a substantial growth of 28.37% year-on-year.
- 2020 had an 11.87% increase, continuing a positive trend from 2019.
- 2021 experienced a sharp decrease of 10.79% followed by a recovery trend.
In the forecasted period from 2024 to 2028, the value is expected to steadily increase, with a 5-year forecast CAGR of 1.78% and a total expected growth rate of 9.2%. By 2028, the production value is projected to reach €395.2 million.
Future trends to watch for:
- Impacts of economic conditions and construction demand on the quarrying sector.
- Technological advancements and their potential to improve efficiency and production.
- Environmental regulations and their influence on operational practices and costs.
