The output of paper products in Denmark has shown considerable fluctuation over the years. From 2013 to 2023, the production levels varied, peaking in 2015 at 9.62 billion Danish Krones and undergoing a significant drop in 2020 to 7.03 billion. By 2023, the value stood at 8.23 billion Danish Krones, marking a continuous slight decline in recent years. The annual year-on-year variation has ranged from a steep decrease of -16.03% in 2020 to a recovery phase with an increase of 19.35% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years records an average negative growth of approximately -1.74%.
Future forecasts indicate a persisting yet slowing decline in production, with an anticipated CAGR of -0.79% over the next five years, leading to a projected output of 7.83 billion Danish Krones by 2028, indicating a -3.88% decrease from 2024. This suggests that the industry may continue to face challenges, likely due to digital transformation and declining demand for traditional paper products.
Trends to watch for:
- Technological advancements in digital media potentially reducing the demand for paper products further.
- Sustainability efforts and innovations in eco-friendly paper products that could alter the industry dynamics.
- Shifts in consumer behavior towards online solutions might continue influencing production numbers.
- Government regulations on packaging and paper waste could impact production levels.