Denmark's import of granite, porphyry, basalt and sandstone has experienced significant fluctuations from 2013 to 2023. The import value peaked in 2017, followed by a notable decline in subsequent years. The value stood at $7.6166 million USD in 2023, representing a year-on-year decrease of 4.86%. The compound annual growth rate (CAGR) over the last five years was -12.01%, indicating consistent declines. The periods of growth observed in 2014 and 2017 were followed by sharp contractions in subsequent years, demonstrating a volatile market environment.
Forecast data for 2024-2028 suggest a continued downward trend with a projected CAGR of -4.24%, reflecting ongoing reduction in import values. By 2028, the import value is expected to decrease by approximately 19.48% from 2023.
Future trends to watch for include potential market stabilization or further declines possibly driven by changes in domestic demand, international supply chain dynamics, and economic factors influencing construction and infrastructure projects in Denmark.
