The production of ships and boats in Denmark has undergone significant fluctuations in recent years, with a notable decline from 3.16 billion DKK in 2017 to 2.14 billion DKK in 2023. The year-on-year change from 2022 to 2023 was a decrease of 6.64%, while the overall Compound Annual Growth Rate (CAGR) over the last five years stood at -6.38%. The period from 2013 to 2017 captured a growth phase peaking in 2017, followed by a trend of decline in both production value and volume since then.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continuing downward trend at an average annual rate of -7.4%, leading to a projected value of 1.34 billion DKK by 2028—a 31.91% reduction over five years. Key trends to monitor would include technological advancements in shipbuilding, shifts in global maritime demand, policies affecting the shipbuilding industry, and competitive pressures from other global shipbuilding hubs.
