Denmark's ores and metals imports are forecasted to experience a gradual decline from 2024 to 2028. The value of imports, as a percentage of total goods imports, will decrease year-on-year by approximately 0.56% from 2024 to 2025 and 2025 to 2026. The same pattern holds true for subsequent years, reflecting a steady decline.
Compared to the actual data from 2023, the import figure, which stood at 1.80%, reflects a consistent downward trend. Over the last two years (2023-2025), the percentage decrease in imports will be around 1.67%. When examining the compound annual growth rate (CAGR) over the five-year horizon from 2023 to 2028, it yields an average annual decrease of approximately 0.55%.
Future trends to watch for include potential global economic conditions that might impact demand and supply logistics, Denmark's domestic industrial policies, and technological advancements in recycling and materials science that might reduce dependency on imported ores and metals.
