Denmark: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Denmark

In 2021, the Danish fuel or lubricating pump market increased by 8% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption recorded noticeable growth. Fuel or lubricating pump consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Denmark

In value terms, fuel or lubricating pump production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a sharp contraction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Denmark

In 2021, the amount of fuel, lubricating or cooling-medium pumps for internal combustion engines exported from Denmark surged to X units, jumping by 87% on the year before. Over the period under review, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 65%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the UK (X units) and South Korea (X units) were the main destinations of fuel or lubricating pump exports from Denmark, with a combined 46% share of total exports. The Netherlands, Italy, Greece, South Africa, Sweden, Romania, France, Hungary, the United Arab Emirates and Russia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +120.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Denmark, comprising 51% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.8% share of total exports. It was followed by the UK, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea amounted to +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.0% per year) and the UK (-1.5% per year).

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, waning by -30.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Hungary ($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 Germany (-3.4%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Denmark

In 2021, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 48% to X units, rising for the sixth consecutive year after two years of decline. In general, imports saw a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 91%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fuel or lubricating pump imports fell to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of fuel or lubricating pump imports to Denmark, together accounting for 65% of total imports. Italy, the UK, Belgium, Poland, South Korea and Spain lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +150.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Denmark, comprising 37% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Sweden, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+74.5% per year) and Sweden (-7.5% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, which is down by -38.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 32%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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