Denmark: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Denmark

In 2021, the Danish air conditioning machine market decreased by -85.8% to $X, falling for the fourth year in a row after four years of growth. Overall, consumption faced a significant curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Air Conditioning Machine Production in Denmark

In value terms, air conditioning machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Exports

Exports from Denmark

In 2021, exports of air conditioning machines from Denmark surged to X units, picking up by 19% against the previous year's figure. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +1.1% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 47% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Sweden (X units) and France (X units) were the main destinations of air conditioning machine exports from Denmark, together comprising 45% of total exports. The UK, Russia, Norway, Belgium, the Netherlands, the United States, Finland and Estonia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +27.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Sweden ($X) appeared to be the largest markets for air conditioning machine exported from Denmark worldwide, with a combined 41% share of total exports. The UK, Norway, the United States, the Netherlands, Finland, Russia, Belgium and Estonia lagged somewhat behind, together accounting for a further 35%.

The United States, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average air conditioning machine export price amounted to $X per unit, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Estonia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Denmark

In 2021, imports of air conditioning machines into Denmark reached X units, picking up by 4.7% against the previous year's figure. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, air conditioning machine imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Sweden (X units) and Italy (X units) were the main suppliers of air conditioning machine imports to Denmark, with a combined 56% share of total imports. Germany, the Netherlands, Poland, Thailand, Belgium, Ireland, Hong Kong SAR, Lithuania and Norway lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +75.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machine suppliers to Denmark were Sweden ($X), China ($X) and Italy ($X), with a combined 51% share of total imports. These countries were followed by Germany, the Netherlands, Belgium, Thailand, Ireland, Poland, Lithuania, Hong Kong SAR and Norway, which together accounted for a further 39%.

Ireland, with a CAGR of +77.3%, 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 2021, the average air conditioning machine import price amounted to $X per unit, increasing by 10% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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