The turnover of rubber tyres and tubes in Denmark has shown a consistent declining trend over the years, with the value decreasing from 16.7 million euros in 2013 to 5.5 million euros in 2023. The year-on-year variations indicate significant decreases, with the most recent decline being a steep 16.67% from 2022 to 2023. Over the last two years, the turnover declined by approximately 28.1%. The Compound Annual Growth Rate (CAGR) for the last five years stands at -11.79%, reflecting an average annual decrease.
Looking ahead, the forecasted data indicates that this downward trend will continue, with the value projected to drop to 0.5 million euros by 2028. The forecasted 5-year CAGR is -35.56%, signaling a drastic average annual reduction of 88.89% over the next five years.
Future trends to watch for include potential changes in the automotive industry, shifts towards sustainable and durable materials, and economic factors that could impact production and demand. Additionally, technological advancements in alternative products might further influence this sector's outlook.
- The turnover in 2023 stood at 5.5 million euros.
- Year-on-year variation from 2022 to 2023 was -16.67%.
- CAGR for the last five years stood at -11.79%.
