In 2023, the mining and quarrying sector's final consumption of hard coal in Denmark stood at 8.27 thousand metric tons. This represents an 8.34% decrease from 2022 and a 9.74% decrease from 2021. The most recent five-year period shows a CAGR of -7.84%, indicating a downward trend. While the period leading up to 2023 saw significant growth with an average annual increase of 13.62% from 2019 to 2023, the forecast for the next five years projects a decline, with an expected average annual decrease of 7.84%, culminating in a total reduction of 33.52% by 2028.
Future trends to watch for include regulatory changes on carbon emissions, technological advancements in mining practices, and shifts towards renewable energy sources. These factors are likely to impact the trajectory of hard coal consumption in the sector.