Denmark: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Denmark

In 2022, the Danish market for turbo, rotary and reciporating displacement compressors increased by 149% to $X, rising for the second consecutive year after three years of decline. In general, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Denmark

In value terms, production of turbo, rotary and reciporating displacement compressors contracted rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a dramatic shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 10% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Denmark

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors increased by 17% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, recorded a slight setback. The growth pace was the most rapid in 2019 with an increase of 48% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Overall, exports, however, recorded a deep slump. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Denmark, accounting for a 46% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Sweden exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.0% per year) and Germany (-2.2% per year).

In value terms, Sweden ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Denmark, comprising 33% of total exports. The second position in the ranking was taken by Norway ($X), with a 6.9% share of total exports. It was followed by Germany, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-16.4% per year) and Germany (+1.0% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, increasing by 15% against the previous year. Overall, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Iceland ($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 Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Denmark

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were imported into Denmark; remaining constant against the previous year. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 87%. Over the period under review, imports of reached the maximum at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 29%. Over the period under review, imports of reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest turbo, rotary and reciporating displacement compressor supplier to Denmark, with a 56% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Italy (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Italy (+8.2% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Denmark were Germany ($X), China ($X) and Italy ($X), together comprising 52% of total imports. Ukraine, Sweden, Turkey, the Netherlands, the UK and Poland lagged somewhat behind, together accounting for a further 15%.

Ukraine, with a CAGR of +292.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, waning by -11.1% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 57%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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