Denmark: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Denmark

The Danish gravimetric filling machine market skyrocketed to $X in 2022, picking up by 228% against the previous year. Overall, consumption saw a significant expansion. Gravimetric filling machine consumption peaked in 2022 and is likely to see gradual growth in years to come.

Gravimetric Filling Machine Production in Denmark

In value terms, gravimetric filling machine production shrank to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Gravimetric filling machine production peaked at $X in 2021, and then dropped in the following year.

Gravimetric Filling Machine Exports

Exports from Denmark

For the sixth year in a row, Denmark recorded growth in overseas shipments of automatic gravimetric filling machines, which increased by 15% to X units in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 148%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gravimetric filling machine exports fell to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 77%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hungary (X units), the United States (X units) and Germany (X units) were the main destinations of gravimetric filling machine exports from Denmark, with a combined 53% share of total exports. Bulgaria, Australia, the Netherlands, Malaysia, Belgium, Slovenia, Spain, Poland and Austria lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +38,700.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for automatic gravimetric filling machines exports from Denmark, comprising 22% of total exports. The second position in the ranking was taken by Spain ($X), with a 10% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+25.8% per year) and Germany (+7.8% per year).

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, falling by -20.5% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2014 an increase of 102% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Malaysia ($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 Slovenia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into Denmark

In 2022, purchases abroad of automatic gravimetric filling machines increased by 499% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gravimetric filling machine imports surged to $X in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 227%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Switzerland (X units) constituted the largest gravimetric filling machine supplier to Denmark, with a 84% share of total imports. Moreover, gravimetric filling machine imports from Switzerland exceeded the figures recorded by the second-largest supplier, Slovakia (X units), tenfold. China (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+95.6% per year) and China (+27.8% per year).

In value terms, the largest gravimetric filling machine suppliers to Denmark were China ($X), Switzerland ($X) and Slovakia ($X), together accounting for 90% of total imports.

Slovakia, with a CAGR of +162.5%, 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

The average gravimetric filling machine import price stood at $X per unit in 2022, dropping by -78.8% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 243% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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