The trade balance for marble, granite, sandstone, porphyry, and basalt in Denmark has shown significant fluctuations from 2013 to 2023. In 2023, the trade balance stood at 1,210 thousand metric tons. The variations year-on-year exhibited significant volatility, with notable declines in 2015, 2016, and 2019, juxtaposed against substantial growth in 2020. The period from 2018 to 2023 witnessed average annual growth indicated by a CAGR of 2.04% for the forecasted years ahead.
Looking forward, consistent but moderate growth is anticipated, with the trade balance projected to rise steadily year-on-year through 2028. This growth is expected to be driven by a stable CAGR of 2.04%, leading to an aggregate growth rate of 10.65% over the next five years.
Future trends to watch for include potential market shifts from geopolitical developments, technological advancements in material extraction and processing, and evolving environmental regulations that could influence supply and demand dynamics. Additionally, changes in infrastructure projects and the construction industry’s demands could further impact the trade balance.