The import of cement to Denmark has shown significant fluctuations over the past decade. In 2023, the volume stood at 444.25 million kilograms, reflecting a 1.78% year-on-year increase. The last two years have shown a considerable year-on-year decline in 2022 (-36.59%) followed by a slight recovery in 2023. Over the past five years, the compound annual growth rate (CAGR) was 4.37%, indicating moderate overall growth despite yearly variations.
Future trends to watch for:
- Continued moderate growth is expected with a forecast 5-year CAGR of 1.3%.- Increasing demand may drive imports higher, with expected growth rates indicating a rising trend through 2028.
Monitoring economic factors and construction activity will be crucial, as these heavily influence cement demand.
