Denmark: Dairy Machinery Market 2024

Dairy Machinery Market Size in Denmark

After three years of decline, the Danish dairy machinery market increased by 33% to $X in 2022. In general, consumption, however, showed a pronounced slump. Dairy machinery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Dairy Machinery Production in Denmark

In value terms, dairy machinery production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.9% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. Dairy machinery production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Dairy Machinery Exports

Exports from Denmark

In 2022, overseas shipments of dairy machinery decreased by -6.1% to X units, falling for the fifth year in a row after two years of growth. In general, exports recorded a mild curtailment. The pace of growth was the most pronounced in 2017 with an increase of 71%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, dairy machinery exports fell rapidly to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 59%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Norway (X units) and Chile (X units) were the main destinations of dairy machinery exports from Denmark, together comprising 39% of total exports. Ireland, the UK, Sweden, Turkey, Germany, France, Brazil, New Zealand, Hungary and Japan lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +68.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for dairy machinery exports from Denmark, comprising 18% of total exports. The second position in the ranking was held by Ireland ($X), with an 8.8% share of total exports. It was followed by Norway, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+48.9% per year) and Norway (+9.1% per year).

Export Prices by Country

The average dairy machinery export price stood at $X per unit in 2022, shrinking by -18.2% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Chile ($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 Hungary (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into Denmark

In 2022, imports of dairy machinery into Denmark reduced dramatically to X units, dropping by -58% compared with the previous year's figure. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 369% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, dairy machinery imports shrank dramatically to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 591% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway (X units), Poland (X units) and the United States (X units) were the main suppliers of dairy machinery imports to Denmark, with a combined 43% share of total imports. Germany, Belgium, Sweden, the UK, Italy, Hungary, Latvia, Bulgaria and France lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +51.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy machinery suppliers to Denmark were Poland ($X), Latvia ($X) and Germany ($X), together comprising 44% of total imports. Italy, Belgium, the UK, Bulgaria, Sweden, the United States, Hungary, Norway and France lagged somewhat behind, together accounting for a further 48%.

Among the main suppliers, Bulgaria, with a CAGR of +215.1%, recorded the highest growth rate of the value of imports, 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 dairy machinery import price amounted to $X per unit, with a decrease of -11.5% against the previous year. In general, the import price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 100%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Latvia ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+107.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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