Between 2013 and 2023, the industry sector's final consumption of hard coal in Denmark experienced year-on-year variations, reflecting different underlying dynamics. The consumption peaked in 2018 and 2021, showing significant year-on-year increases in 2017 (10.25%) and 2021 (19.81%). However, more recent trends indicate a contraction, with year-on-year declines in 2022 and 2023 of -2.89% and -2.9% respectively. This fluctuating pattern results in an overall 5-year CAGR of 0.5% as of 2023, showing modest growth over the last half-decade.
The forecast for 2024 to 2028 suggests a declining trend with a forecasted 5-year CAGR of -2.38%. This prediction points towards an 11.35% reduction in hard coal consumption over the upcoming five years, highlighting a shift away from this energy source in Denmark's industry sector.
Future trends to watch for include the impact of climate policies on coal consumption, technological advancements in alternative energy sources, and shifts in industrial energy strategies towards more sustainable practices.
