The production in the Mining and Quarrying sector in Denmark exhibited significant fluctuations over the past decade. Noteworthy trends include a substantial spike in 2018, with a peak in production reaching 87.47 billion DKK, followed by sharp declines in 2019 and 2020. The production gradually recovered in the subsequent years, standing at 50.71 billion DKK in 2023. The year-on-year variations show immense volatility with notable increases in 2018 and 2021, and steep declines in 2016, 2019, and 2020. Over the last two years leading up to 2023, the sector maintained modest growth with a 7.54% increase in 2023. Looking at a longer horizon, the 5-year CAGR up to 2023 was negatively skewed, illustrating overall contraction.

Future trends to watch for include:

Continued moderate contraction with a 5-year forecasted CAGR of -1.13% until 2028
Potential industry stabilization, as forecasted values suggest minor year-on-year declines
Potential impact from global economic shifts and environmental regulations on production volumes