From 2013 to 2023, Denmark's oil product exports have experienced notable fluctuations. The year-on-year variations indicate periods of significant growth, such as in 2015 with a 24.69% increase, and declines, notably in 2017 with a 26.82% decrease. The Compound Annual Growth Rate (CAGR) over the last 5 years up to 2023 stands at a moderate 3.98%, reflecting a period of gradual recovery followed by relative stability.
In 2023, the exports of oil products from Denmark were 7.22 million metric tons. The forecasts from 2024 to 2028 show a steady yet modest increase with a 5-year forecasted CAGR of 0.57%, growing to 7.48 million metric tons by 2028.
Future trends to watch for include the impact of global energy transitions moving towards renewable sources, which could affect the demand for oil products. Regulatory changes and market dynamics within Denmark and its trading partners may also influence future export volumes.
