The sold production of fibre optic cables in Denmark has exhibited some volatility over the past decade, starting from 43.616 million euros in 2013 to 65.37 million euros in 2023. Key historical trends include significant growth in 2015 and 2016, followed by intermittent declines and recoveries. The growth rate has varied year-on-year, with notable drops in 2017 (-21.85%) and 2021 (-14.77%). As of 2023, the year-on-year increase was 6.79%, maintaining a recent trend of positive growth since 2019. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.35%.
The forecasted data from 2024 onwards suggests a steady increase in production value, reaching 85.542 million euros by 2028, with an average annual growth rate of 4.25%. This indicates a consistent upward trend and a forecasted overall growth rate of 23.11% over the next five years.
The future trends to watch for include technological advancements in fibre optics, increasing demand for high-speed internet, and infrastructure investments. These factors will likely drive continued growth in the fibre optic cable market.
- 2013: -20.49% year-on-year, -3.71% CAGR
- 2014: 1.78% year-on-year, -1.92% CAGR
- 2015: 30.17% year-on-year, 3.99% CAGR
- 2016: 40.95% year-on-year, 11.53% CAGR
- 2017: -21.85% year-on-year, 3.02% CAGR
- 2018: -12.89% year-on-year, 4.92% CAGR
- 2019: 9.07% year-on-year, 6.38% CAGR
- 2020: 10.47% year-on-year, 2.94% CAGR
- 2021: -14.77% year-on-year, -6.91% CAGR
- 2022: 7.5% year-on-year, -0.78% CAGR
- 2023: 6.79% year-on-year, 3.35% CAGR
- 2028: Forecast 5-year CAGR: 4.25%, Forecast 5-year growth rate: 23.11%
