Denmark: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Denmark

The Danish grinding and sharpening machine market shrank to $X in 2022, reducing by -7.3% against the previous year. Overall, consumption showed a prominent increase. Grinding and sharpening machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Denmark

In value terms, grinding and sharpening machine production declined to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 1,189% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Denmark

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -12.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in 2014 with an increase of 36%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports expanded slightly to $X in 2022. In general, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units), Norway (X units) and Germany (X units) were the main destinations of grinding and sharpening machine exports from Denmark, with a combined 44% share of total exports. The United States, the Netherlands, the UK, Ireland, China, Mexico, Finland, Japan, Poland and South Korea lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +39.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from Denmark were the United States ($X), China ($X) and Mexico ($X), together comprising 43% of total exports.

Mexico, with a CAGR of +37.3%, saw 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

The average grinding and sharpening machine export price stood at $X per unit in 2022, jumping by 19% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 55% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Denmark

In 2022, imports of grinding and sharpening metal finishing machines into Denmark soared to X units, picking up by 18% compared with the previous year. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, grinding and sharpening machine imports fell remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 113% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of grinding and sharpening machine imports to Denmark, together comprising 77% of total imports. France, the Netherlands, Poland and Bulgaria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +81.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to Denmark were Sweden ($X), Poland ($X) and China ($X), together comprising 55% of total imports. Germany, the Netherlands, France and Bulgaria lagged somewhat behind, together comprising a further 26%.

France, with a CAGR of +47.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, falling by -46.9% against the previous year. Over the period under review, the import price showed a slight slump. The pace of growth was the most pronounced in 2013 an increase of 195% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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