The import of machinery for making pulp, paper, and paperboard to Denmark showed significant fluctuations between 2013 and 2023, standing at $3.0569 million in 2023. Over this period, noteworthy variations occurred in year-on-year growth: a substantial increase in 2016 (84%), a sharp decrease in 2019 (-31.98%), and a mild rise in 2021 (10.75%). However, the past two years have seen declines of -8.61% and -9.23%, respectively. The compound annual growth rate (CAGR) over the last five years is -11.42%, indicating a persistent downward trend.
Looking ahead, forecasts predict a continued decrease in imports for 2024 to 2028, with a forecasted 5-year CAGR of -12%. By 2028, imports are expected to drop to $1.4332 million, a -47.22% growth rate over five years.
Future trends to watch for include potential shifts in Denmark's industrial policy, advancements in local manufacturing capabilities, and market dynamics impacting global pulp and paper machinery demand. Additionally, changes in environmental regulations and the adoption of digital and green technologies may influence the import trajectory.
