Denmark: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Denmark

In 2022, the Danish market for diesel engines (other than for motor vehicles and aircraft) decreased by -85.4% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, showed a notable increase. Consumption of peaked at $X in 2021, and then shrank markedly in the following year.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Denmark

In value terms, production of diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4.9% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Denmark

In 2022, shipments abroad of diesel engines (other than for motor vehicles and aircraft) decreased by -30.2% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 94%. Over the period under review, the exports of hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) contracted rapidly to $X in 2022. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 107%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Turkey (X units) and the United Arab Emirates (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Denmark, together comprising 53% of total exports. The Netherlands, Norway, China, Sweden, France, Taiwan (Chinese), Greenland, Israel and Germany lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +75.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Denmark, comprising 31% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Norway, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+25.8% per year) and Norway (+28.5% per year).

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, jumping by 21% against the previous year. In general, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 178%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Israel ($X per unit), while the average price for exports to France ($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 Israel (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Denmark

In 2022, overseas purchases of diesel engines (other than for motor vehicles and aircraft) increased by 64% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 180%. Over the period under review, imports of attained the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) amounted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 53% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the Netherlands (X units) and the UK (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Denmark, together accounting for 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Germany ($X) were the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Denmark, with a combined 58% share of total imports. Sweden, the United States, Japan, Italy and China lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, China, with a CAGR of +14.0%, 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

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, with a decrease of -33.8% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 143% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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