Denmark: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Denmark

In 2022, after five years of growth, there was significant decline in the Danish market for vacuum pumps and air or gas compressors, when its value decreased by -18.6% to $X. Over the period under review, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Denmark

In value terms, production of vacuum pumps and air or gas compressors fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 11% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Denmark

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Denmark; picking up by 16% against 2021. Overall, exports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2019 when exports increased by 32%. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. In general, exports, however, showed a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of 77%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Norway (X units) and Germany (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Denmark, together comprising 50% of total exports. Poland, the Netherlands, Finland, Spain, the UK, the United States, France, Malta, Switzerland and Iceland lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Malta (with a CAGR of +67.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Denmark were Sweden ($X), Germany ($X) and Norway ($X), with a combined 29% share of total exports. The UK, Switzerland, France, the United States, the Netherlands, Spain, Poland, Finland, Malta and Iceland lagged somewhat behind, together comprising a further 34%.

Malta, with a CAGR of +85.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, increasing by 5.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 35%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($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 the UK (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Denmark

In 2022, after five years of growth, there was significant decline in overseas purchases of vacuum pumps and air or gas compressors, when their volume decreased by -10.4% to X units. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, imports of vacuum pumps and air or gas compressors contracted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Denmark, accounting for a 64% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.9% per year) and Germany (+0.9% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest vacuum pump and air or gas compressor suppliers to Denmark, with a combined 55% share of total imports. France, Sweden, Taiwan (Chinese), the Netherlands, Slovakia, the UK and Austria lagged somewhat behind, together accounting for a further 16%.

Taiwan (Chinese), with a CAGR of +9.5%, saw the highest rates of growth with regard to 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 import price for vacuum pumps and air or gas compressors amounted to $X per unit, declining by -4.6% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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