Denmark: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Denmark

The Danish non-electric motor handtools market surged to $X in 2022, growing by 50% against the previous year. Over the period under review, consumption recorded a resilient increase. Non-electric motor handtools consumption peaked in 2022 and is expected to retain growth in years to come.

Non-Electric Motor Handtools Production in Denmark

In value terms, non-electric motor handtools production fell to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then declined modestly in the following year.

Non-Electric Motor Handtools Exports

Exports from Denmark

After three years of growth, overseas shipments of handtools, hydraulic or with a self-contained non-electric motor decreased by -15.4% to X units in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, the exports reached the peak of X units, and then reduced markedly in the following year.

In value terms, non-electric motor handtools exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for non-electric motor handtools exports from Denmark, with a 38% share of total exports. Moreover, non-electric motor handtools exports to Norway exceeded the volume sent to the second major destination, Greenland (X units), threefold. The UK (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+8.3% per year) and the UK (+8.6% per year).

In value terms, Norway ($X) emerged as the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Denmark, comprising 38% of total exports. The second position in the ranking was held by Greenland ($X), with a 12% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+9.0% per year) and the UK (+9.3% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, picking up by 24% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Poland ($X per unit), while the average price for exports to France ($X per unit) and Japan ($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 Taiwan (Chinese) (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in purchases abroad of handtools, hydraulic or with a self-contained non-electric motor, which increased by 23% to X units in 2022. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 73%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-electric motor handtools imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of non-electric motor handtools to Denmark, accounting for a 28% share of total imports. Moreover, non-electric motor handtools imports from Sweden exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by Norway (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.1% per year) and Norway (+41.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Denmark, comprising 27% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by Norway, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.4% per year) and Norway (+33.8% per year).

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, waning by -6.9% against the previous year. Overall, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 19%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per unit) and the UK ($X per unit), while the price for Belgium ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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