In 2023, Denmark's sold production of shaped and processed flat glass stood at 1.0148 million square meters, recording a 4.89% year-on-year decline. Despite recent growth periods, the overall trend since 2013 shows a gradually declining production volume. Key historical trends include significant declines from 2013 to 2015, modest fluctuation from 2016 to 2020, and a short-lived increase in 2021, followed by subsequent decreases.
The Compound Annual Growth Rate (CAGR) over the past five years indicates a minor average annual growth of 1.9%. However, projected future trends forecast a steady decline, with a 5-year CAGR of -4.59%, resulting in an anticipated overall decrease of 20.94% by 2028.
Future trends to watch for include:
- Emerging technologies in glass production impacting efficiency and cost.
- Environmental regulations favoring sustainable practices.
- Market demand shifts influenced by construction and automotive industries.
