Denmark: Power Tool Market 2024

Power Tool Market Size in Denmark

In 2021, the Danish power tool market increased by 21% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Power Tool Production in Denmark

In value terms, power tool production reduced to $X in 2021 estimated in export price. Overall, production recorded a dramatic setback. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Power tool production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Power Tool Exports

Exports from Denmark

Power tool exports from Denmark surged to X units in 2021, jumping by 32% on 2020 figures. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool exports soared to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.1% against 2015 indices. The growth pace was the most rapid in 2016 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), Sweden (X units) and Norway (X units) were the main destinations of power tool exports from Denmark, with a combined 73% share of total exports. Poland, Iceland, the Netherlands, Faroe Islands, Estonia, Finland, Greenland and Belgium lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +47.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Greenland ($X) appeared to be the largest markets for power tool exported from Denmark worldwide, with a combined 52% share of total exports. Norway, the Netherlands, Faroe Islands, Poland, Belgium, Iceland, Estonia and Finland lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Poland, with a CAGR of +49.9%, saw 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 power tool export price stood at $X per unit in 2021, waning by -7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19%. The export price peaked at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($X per unit), while the average price for exports to Iceland ($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 Estonia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in overseas purchases of power tools, which increased by 12% to X units in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.3% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, power tool imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Sweden (X units) were the main suppliers of power tool imports to Denmark.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +139.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest power tool suppliers to Denmark were Germany ($X), Sweden ($X) and China ($X), with a combined 74% share of total imports. Romania, the UK, Japan, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Romania, with a CAGR of +138.3%, 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

In 2021, the average power tool import price amounted to $X per unit, increasing by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. 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 UK ($X per unit), while the price for China ($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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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