Denmark: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Denmark

In 2021, after six years of growth, there was decline in the Danish wood drilling machine market, when its value decreased by -4.7% to $X. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020, and then contracted modestly in the following year.

Wood Drilling Machine Production in Denmark

In value terms, wood drilling machine production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 82%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from Denmark

In 2021, approx. X units of drilling or morticing machines were exported from Denmark; declining by -28.8% compared with the previous year's figure. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2020 when exports increased by 399% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, wood drilling machine exports shrank markedly to $X in 2021. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 202% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for wood drilling machine exports from Denmark, accounting for a 56% share of total exports. Moreover, wood drilling machine exports to Brazil exceeded the volume sent to the second major destination, Hungary (X units), fivefold. The United States (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at +83.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+44.5% per year) and the United States (+118.7% per year).

In value terms, the largest markets for wood drilling machine exported from Denmark were Brazil ($X), China ($X) and the UK ($X), together accounting for 63% of total exports. The United States, Hungary, Greenland, Poland, Canada, Germany and Sweden lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, the United States, with a CAGR of +166.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, falling by -2.8% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 10% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.1%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Denmark

In 2021, approx. X units of drilling or morticing machines were imported into Denmark; with a decrease of -84.2% on the previous year's figure. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 326%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Overall, imports, however, recorded a notable increase. The pace of growth was the most pronounced in 2016 when imports increased by 856% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest wood drilling machine supplier to Denmark, accounting for a 61% share of total imports. Moreover, wood drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by Germany (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.8% per year) and Germany (+8.0% per year).

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Denmark, comprising 94% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 3.4% share of total imports. It was followed by Germany, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.4% per year) and Germany (+5.1% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, with an increase of 1,153% against the previous year. Overall, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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