Denmark: Engine Generator Market 2024

Engine Generator Market Size in Denmark

The Danish engine generator market stood at $X in 2022, flattening at the previous year. In general, consumption showed a slight slump. Engine generator consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Engine Generator Production in Denmark

In value terms, engine generator production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Engine Generator Exports

Exports from Denmark

In 2022, shipments abroad of generators for internal combustion engines increased by 4.9% to X units, rising for the second year in a row after eight years of decline. Overall, exports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports rose remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Spain (X units) and France (X units) were the main destinations of engine generator exports from Denmark, with a combined 38% share of total exports. Finland, the UK, Poland, Italy, the United States, Sweden, Hungary, Turkey, Norway and Austria lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +12.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for engine generator exported from Denmark were Germany ($X), Spain ($X) and France ($X), together comprising 38% of total exports. Finland, the UK, Poland, Italy, the United States, Sweden, Hungary, Turkey, Norway and Austria lagged somewhat behind, together comprising a further 41%.

Hungary, with a CAGR of +12.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average engine generator export price stood at $X per unit in 2022, with an increase of 7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 8.1% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per unit) and Poland ($X per unit), while the average price for exports to Austria ($X per unit) and Norway ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Denmark

After two years of growth, supplies from abroad of generators for internal combustion engines decreased by -20.6% to X units in 2022. In general, imports faced a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, engine generator imports rose notably to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of engine generator to Denmark, with a 53% share of total imports. Moreover, engine generator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.0% per year) and Italy (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of generators for internal combustion engines to Denmark, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.5% per year) and Italy (-4.9% per year).

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, increasing by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and the UK ($X per unit), while the price for South Korea ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :