Between 2013 and 2023, the copper market size value in Denmark showed fluctuations with an overall downward trend towards 243.64 million euros by 2023. Temporary gains like in 2015 and 2018 were overshadowed by general declines, especially between 2014-2016 and 2021-2023.
Recent two years show minimal annual reductions: -0.72% in 2022 and -0.71% in 2023. The five-year compound annual growth rate (CAGR) from 2019 to 2023 stood at -1.52%.
Long-term analysis previews a slight continuing decline, forecasting a CAGR of -0.57% from 2024 to 2028, with a total reduction of 2.79% within the next five years.
Future trends to watch for: ● Technological advances in alternative materials. ● Shifts in demand due to green energy initiatives. ● Market volatility influenced by global economic conditions and supply chain disruptions.
