Denmark’s import of iron and steel in 2024 is forecasted to reach 2.1138 billion USD, showing a steady increase over the following years: 2.1224 billion USD in 2025, 2.1309 billion USD in 2026, 2.1393 billion USD in 2027, and 2.1474 billion USD in 2028. For context, the import value in 2023 was 2.105 billion USD.
Year-on-year variations indicate:
- 2024: 0.42% increase
- 2025: 0.41% increase
- 2026: 0.40% increase
- 2027: 0.39% increase
- 2028: 0.38% increase
Over the last two years, the import value has shown consistent incremental changes. The compound annual growth rate (CAGR) for the period from 2024 to 2028 stands at approximately 0.40% per year, reflecting a stable and modest growth trajectory.
Future trends to watch for include potential impacts of global trade policies, fluctuating demand in construction and manufacturing sectors, and evolving domestic production capabilities. Additionally, technological advancements and sustainability initiatives may influence import patterns and volumes.