Between 2013 and 2023, Denmark’s unwrought aluminium market showed fluctuating growth, with values ranging from 160.75 million Euros in 2013 to 219.92 million Euros in 2023. The market saw significant variations, peaking in 2021 at 225.74 million Euros before a slight dip in 2022 and partial recovery in 2023. The year-on-year variation highlights notable increases in 2017 (18.72%) and 2020 (8.95%), contrasted by declines in 2016 (-0.1%) and 2019 (-10.03%). The latest five-year CAGR stands at 0.66%, reflecting modest average annual growth.
The forecast from 2024 to 2028 predicts a consistent upward trend, with the market expected to reach 245.41 million Euros by 2028. The projected 5-year CAGR is 1.74%, indicating a steady growth trajectory and an overall increase of 9.02% over this period.
Future trends to watch include potential impacts of technological advancements, environmental regulations, and global market dynamics on aluminium production and consumption. Sustainability initiatives and shifts in global supply chains could significantly influence market trends going forward.
