Forecast: Iron and Steel Market Size Value in Denmark

Denmark's iron and steel market experienced notable fluctuations over the past decade. The market size incrementally rose from 2013 to 2023, peaking significantly in 2018. The growth experienced a dip in 2019 and 2020 but rebounded from 2021 through 2023. In 2023, the market value reached €2.3416 billion, growing modestly year-on-year at 2.56% and showing a negative five-year CAGR of -1.08%.

Looking ahead from 2024 to 2028, the forecasted data suggest a steady upward trajectory with a five-year forecast CAGR of 1.81%, targeting a market size of €2.625 billion by 2028. This represents an overall growth rate of 9.4% over this period.

Future trends to watch for:

• Impact of technological advancements in production and automation.
• Shifts in environmental regulations and sustainable practices.
• Changes in global trade policies affecting import-export dynamics.
• Demand fluctuations from key industries such as construction and automotive.