Denmark: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Denmark

The Danish market for electric generating sets and rotary converters skyrocketed to $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in the immediate term.

Production of Electric Generating Sets And Rotary Converters in Denmark

In value terms, production of electric generating sets and rotary converters dropped rapidly to $X in 2020 estimated in export prices. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Production peaked at $X in 2019, and then dropped significantly in the following year.

Exports of Electric Generating Sets And Rotary Converters

Exports from Denmark

In 2020, overseas shipments of electric generating sets and rotary converters decreased by -X% to X units for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X units. from 2015 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters reached $X in 2020. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for exports of electric generating sets and rotary converters from Denmark, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Greece exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Bosnia and Herzegovina (+X% per year).

In value terms, the UK ($X), the Netherlands ($X) and Norway ($X) constituted the largest markets for electric generating set and rotary converter exported from Denmark worldwide, together accounting for X% of total exports. Greece, Germany, Taiwan (Chinese), Bosnia and Herzegovina, Morocco, Finland, France and Sweden lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Bosnia and Herzegovina (+X% per year) saw the highest rates of growth with regard to 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

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, almost unchanged from the previous year. In general, the export price posted a slight increase. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Denmark

Imports of electric generating sets and rotary converters into Denmark soared to X units in 2020, jumping by X% compared with 2019. Over the period under review, imports enjoyed a tangible increase. Imports peaked at X units in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters skyrocketed to $X in 2020. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Greece (X units) constituted the largest supplier of electric generating set and rotary converter to Denmark, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from Greece exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Greece stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (-X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Denmark were Germany ($X), Spain ($X) and Estonia ($X), with a combined X% share of total imports.

Among the main suppliers, Estonia saw 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 electric generating sets and rotary converters stood at $X per unit in 2020, jumping by X% against the previous year. Overall, the import price showed prominent growth. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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