Denmark: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Denmark

The Danish agricultural forestry machinery market surged to $X in 2022, jumping by 22% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.9% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Agricultural Forestry Machinery Production in Denmark

In value terms, agricultural forestry machinery production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 148% against the previous year. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Agricultural Forestry Machinery Exports

Exports from Denmark

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) exported from Denmark rose sharply to X units, with an increase of 11% compared with 2021 figures. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.7% against 2014 indices. The pace of growth appeared the most rapid in 2015 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, agricultural forestry machinery exports fell slightly to $X in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2018 when exports increased by 27% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units), the UK (X units) and Germany (X units) were the main destinations of agricultural forestry machinery exports from Denmark, together accounting for 55% of total exports. These countries were followed by Poland, Sweden, Lithuania, Latvia, Bulgaria, Italy, Norway and Japan, which together accounted for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +34.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agricultural forestry machinery exported from Denmark were Germany ($X), the UK ($X) and France ($X), with a combined 46% share of total exports. These countries were followed by Poland, Sweden, Norway, Lithuania, Latvia, Bulgaria, Italy and Japan, which together accounted for a further 32%.

Among the main countries of destination, Latvia, with a CAGR of +29.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, dropping by -12.3% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural forestry machinery export price decreased by -17.6% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 26%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Denmark

Agricultural forestry machinery imports into Denmark declined sharply to X units in 2022, waning by -29% against 2021 figures. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, agricultural forestry machinery imports reduced sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 56%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X units), Germany (X units) and China (X units) were the main suppliers of agricultural forestry machinery imports to Denmark, with a combined 59% share of total imports. Poland, Italy, Sweden, Finland and the Netherlands lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to Denmark were Germany ($X), France ($X) and Poland ($X), together accounting for 51% of total imports. These countries were followed by Italy, Sweden, China, Finland and the Netherlands, which together accounted for a further 35%.

Finland, with a CAGR of +115.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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