The production value in the manufacture of machinery for the metallurgy sector in Denmark has shown significant fluctuations and a general upward trend since 2014. After a marked decline between 2014 and 2016, the sector saw robust recovery, with substantial increases seen year-on-year from 2019 onward. Notably, by 2023, the production value had reached 31.0 million Danish Krones.
Key trends observed:
- From 2018 to 2023, the sector experienced steady growth, with a notable Compound Annual Growth Rate (CAGR) of 32.82% over the last five years.
- Year-on-year growth has consistently been high, particularly during the period from 2019 to 2021, reflecting strong sector recovery and expansion.
- In 2023, the year-on-year increase was 12.73%, signifying continued momentum albeit at a decelerating rate compared to previous years.
Future trends to watch:
- The forecast indicates moderate yet sustained growth from 2024 to 2028, with a forecasted 5-year CAGR of 3.59% and an overall growth rate of 19.29% by 2028.
- Future growth could be influenced by advancements in metallurgy processes, increasing demand for innovative machinery, and potential impacts of global economic factors on the Danish manufacturing sector.
