The Casting of Steel market in Denmark has seen varied changes over the years. From 2013, the market was valued at €11.26 million and reached €16.04 million in 2023, showcasing a mix of growth and contraction periods. The market experienced substantial growth between 2014 and 2017, reflected by a year-on-year increase as high as 14.96% in 2015 and 10.14% in 2016. However, this was followed by a dip in 2018 and a significant drop in 2020 by -15.76%. The market rebounded in 2021 with a 21.85% increase, stabilizing around similar values in 2022 and 2023.
The average variation per year over the last five years (CAGR) stood at 1.12%, indicating a steady, albeit slow, recovery and growth in the market.
Future trends to watch for:
- Technological advancements in steel casting processes that could improve efficiency and reduce costs.
- Market demand from industries like construction and manufacturing which heavily rely on steel.
- Sustainability trends pushing towards environmentally friendly and energy-efficient production methods.
- Global economic factors that may impact the raw material costs and supply chain logistics.
How does Denmark rank in Casting of Steel Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,570,100,000 | 2023 | -0.24% | -0.37% | View data |
| 2 | 2 France | 569,450,000 | 2023 | -1.81% | -1.71% | View data |
| 3 | 3 Spain | 505,790,000 | 2023 | +1.24% | +1.24% | View data |
| 4 | 4 Italy | 311,630,000 | 2023 | -4.92% | -2.04% | View data |
| 5 | 5 Austria | 224,720,000 | 2023 | +1.65% | +0.8% | View data |
| 9 | 9 Hungary | 25,792,000 | 2023 | +1% | +2.45% | View data |
| 10 | 10 Poland | 21,766,000 | 2023 | -21.76% | -14.7% | View data |
| 11 | 11 Denmark | 16,040,000 | 2023 | +1.06% | +1.12% | |
| 12 | 12 Slovakia | 11,968,000 | 2023 | -2.94% | +0.75% | View data |
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