Denmark's trade balance for metal ores has shown steady growth in recent years. For 2023, the volume stood at 1.42 million metric tons. The forecasted data presents a consistent year-on-year increase: 2024 (1.44 million metric tons), 2025 (1.46 million metric tons), 2026 (1.48 million metric tons), 2027 (1.5 million metric tons), and 2028 (1.52 million metric tons). This equates to an average annual growth rate (CAGR) over the five-year period.
Future trends to watch for include:
- Potential changes in global demand and pricing of metal ores, driven by economic and industrial developments.
- Technological advancements that could impact the metal ore extraction and processing industry.
- Environmental regulations and sustainability initiatives influencing the supply chain and trade policies.