Forecast: Sold Production of Iron, Steel and Ferro-Alloys in Denmark

The sold production of iron, steel, and ferro-alloys in Denmark showed notable fluctuations from 2013 to 2023. After a steady rise from 508.97 million kilograms in 2013 to a peak of 782.7 million kilograms in 2017, the trend experienced a significant drop, notably declining to 304.86 million kilograms in 2021. Since then, there has been a moderate recovery reaching 598.42 million kilograms in 2023. Recently, from 2022 to 2023, the year-on-year variation was a slight increase of 1.7%. Over the last five years leading to 2023, the compound annual growth rate (CAGR) averaged at a decrease of -2.63%.

Looking ahead, production is forecasted to steadily increase from 2024 through 2028, showing a forecasted CAGR of 1.24%. Key trends to watch include global demand shifts, technological advancements in production, and environmental regulations, which may significantly influence the production landscape.