The stone, sand, and clay quarrying turnover in Denmark has shown considerable fluctuation over the past decade, with an overall rising trend. In 2023, the turnover stood at 366.0 million Euros. Over the past two years, there have been moderate year-on-year increases of 2.68% in 2022 and 2.61% in 2023. The 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 stood at 3.28%. Looking ahead, the forecast CAGR for the next five years up to 2028 is estimated at 1.87%, corresponding to an overall growth rate of 9.73% during this period.
Future trends to watch for:
- Adoption of sustainable and environmentally friendly quarrying practices.
- Technological advancements in extraction and processing methods.
- Potential impacts of regulatory changes on the industry.
- Fluctuations in demand from construction and infrastructure projects.
- Global economic trends influencing raw material prices and exports.
