Denmark: Rock Cutter Market 2024

Rock Cutter Market Size in Denmark

The Danish rock cutter market skyrocketed to $X in 2022, picking up by 37% against the previous year. Overall, consumption posted a prominent increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Rock Cutter Production in Denmark

In value terms, rock cutter production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of 10% against the previous year. Rock cutter production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Rock Cutter Exports

Exports from Denmark

In 2022, overseas shipments of coal or rock cutters and tunnelling machinery decreased by -35% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 567%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rock cutter exports dropped sharply to $X in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 2,363% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for rock cutter exports from Denmark, accounting for a 23% share of total exports. Moreover, rock cutter exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), threefold. Russia (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to -17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and Russia (0.0% per year).

In value terms, Germany ($X), Norway ($X) and Russia ($X) were the largest markets for rock cutter exported from Denmark worldwide, with a combined 85% share of total exports. Saudi Arabia, Spain, the United States, Guinea, the UK, Faroe Islands, Sweden and Switzerland lagged somewhat behind, together accounting for a further 15%.

The UK, with a CAGR of +581.9%, 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 2022, the average rock cutter export price amounted to $X per unit, declining by -23.7% against the previous year. Over the period under review, the export price saw a perceptible setback. The growth pace was the most rapid in 2021 when the average export price increased by 269%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland ($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 (+581.9%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into Denmark

For the fourth consecutive year, Denmark recorded growth in overseas purchases of coal or rock cutters and tunnelling machinery, which increased by 117% to X units in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 2,900% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, rock cutter imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 5,701% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Norway (X units), Italy (X units) and Germany (X units) were the main suppliers of rock cutter imports to Denmark, with a combined 99.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +58.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest rock cutter suppliers to Denmark were Italy ($X), Norway ($X) and Germany ($X).

Among the main suppliers, Italy, with a CAGR of +308.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, rising by 1,143% against the previous year. In general, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9,844% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Italy ($X per unit), while the price for Norway ($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 (+157.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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