The import of Articles of Asphalt or of Similar Material to Denmark has shown fluctuating trends over the past decade. In 2023, the import value stood at 25.121 million US dollars. From 2013 to 2023, there were periods of significant variances with notable peaks in 2014 and 2019, and notable declines in 2016 and 2020. The year-on-year variations ranged from -19.04% to +19.54%, indicating a high degree of volatility. The latest five-year Compound Annual Growth Rate (CAGR) up to 2023 was 2.65%, reflecting moderate growth despite the fluctuations.
Looking into the future, the forecasted data shows a gradual increase in import value, with a CAGR of 1.16% projected from 2023 to 2028. This suggests a steady yet modest growth rate, reaching an estimated import value of 26.938 million US dollars by 2028.
Future trends to watch for include potential impacts from changes in Denmark’s infrastructure policies, fluctuation in global asphalt prices, and advancements in alternative materials. These factors could significantly influence the import dynamics in the coming years.
