Denmark: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Denmark

The Danish agricultural product dryer market surged to $X in 2021, increasing by 20,954% against the previous year. Overall, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Agricultural Product Dryer Production in Denmark

In value terms, agricultural product dryer production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 51% against the previous year. Agricultural product dryer production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Denmark

In 2021, overseas shipments of dryers for the treatment of agricultural products decreased by -17.1% to X units, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 163% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports fell slightly to $X in 2021. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 233%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and Turkey (X units) were the main destinations of agricultural product dryer exports from Denmark, with a combined 48% share of total exports. Mexico, Lithuania, Thailand, Italy, Sweden, New Zealand, the UK, Vietnam, Bulgaria and the Philippines lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for agricultural product dryer exported from Denmark worldwide, with a combined 49% share of total exports. These countries were followed by Mexico, Thailand, Lithuania, Italy, Sweden, the UK, New Zealand, Vietnam, Bulgaria and the Philippines, which together accounted for a further 38%.

Bulgaria, with a CAGR of +109.1%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average agricultural product dryer export price amounted to $X per unit, growing by 16% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2015 when the average export price increased by 168%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the Philippines ($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 Italy (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Denmark

In 2021, approx. X units of dryers for the treatment of agricultural products were imported into Denmark; with a decrease of -57.7% on the previous year's figure. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 492%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural product dryer imports reduced notably to $X in 2021. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 471%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), Turkey (X units) and Latvia (X units) were the main suppliers of agricultural product dryer imports to Denmark, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +49.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and the Netherlands ($X) constituted the largest agricultural product dryer suppliers to Denmark, together comprising 64% of total imports. Germany, Latvia, Poland, Lithuania, Slovakia, the Czech Republic, China, the UK, Luxembourg and Italy lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Luxembourg, with a CAGR of +139.2%, 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 more modest paces of growth.

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, picking up by 14% against the previous year. Overall, the import price showed notable growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 117%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+100.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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