The import values of aircraft, spacecraft, and parts thereof to Denmark show a fluctuating trend from 2013 to 2023, with a significant peak in 2014 followed by a general declining pattern in recent years. In 2023, the import value stood at USD 431.67 million. Over the past two years (2021-2023), there's been a notable decrease, exhibiting a year-on-year variation of -0.11% to -5.27%.
Analyzing the last five years, from 2018 to 2023, the average Compound Annual Growth Rate (CAGR) is around -9.27%, indicating a persistent declining trend in import value.
Forecasts from 2024 onwards foresee continued annual decreases with a forecasted 5-year CAGR of -5.46%, projecting a total reduction of approximately -24.49% by 2028. This forecast suggests ongoing reductions in import value driven by various global and regional factors.
Future trends to watch for include changes in global aerospace market dynamics, emerging technologies in aircraft and spacecraft, shifts in defense budgets, and Denmark's strategic investments or partnerships in aerospace sectors.
