Denmark's imports of hard coal have shown a notable decline over the past decade. From 2013 to 2023, the volume decreased significantly from 4.95 million metric tons to 1.25 million metric tons. This represents a compounded annual growth rate (CAGR) of -14.56% over the last five years. A volatile trend is observed with substantial year-on-year variations, such as the 141.6% increase in 2022 followed by a 32.92% decrease in 2023.
Looking ahead, the forecasted data from 2024 to 2028 suggest a continued decline. The expected CAGR over the next five years is -21.22%, leading to a volume of just 0.32 million metric tons by 2028. Key trends to watch include the impact of renewable energy adoption and regulatory changes aimed at reducing carbon emissions.
