The gross investment in the Stone, Sand, and Clay Quarrying sector in Denmark experienced notable fluctuations over the past decade. After reaching a peak in 2017, the sector faced steep declines, particularly evident in 2019 and 2021. Though a recovery was observed in 2020, the subsequent years demonstrated a downward trend with minimal stabilization.
As of 2023, the sector stood at 144.6 million Danish Krones, showing a slight decrease from the previous year. The year-on-year variation for 2022 was -1.8%, while in 2023, it was -1.57%. The compound annual growth rate (CAGR) from 2018 to 2023 was -8.47% indicating a long-term contraction.
Looking forward, the forecast for the gross investment in this sector remains subdued. Over the next five years (2024-2028), the expected CAGR is -0.81%, with a projected decline in growth rate by approximately 4%. The sector is anticipated to stabilize at lower investment levels, albeit with slight deceleration annually.
Future trends to watch for in this sector include potential impacts from regulatory changes, evolving construction materials, sustainability initiatives, and technological advancements aimed at improving efficiency and reducing costs. These factors could influence investment levels and sector performance in the coming years.
