Denmark: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Denmark

In 2021, the Danish market for in-hand motor grinders, sanders and planers increased by 37% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.6% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Denmark

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Denmark soared to X units, rising by 40% compared with 2020. Overall, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +53.2% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Sweden (X units) and Norway (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Denmark, with a combined 68% share of total exports. These countries were followed by Poland, Iceland, Belgium, the Netherlands, Estonia, Faroe Islands and Finland, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +43.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Denmark were Sweden ($X), Germany ($X) and Norway ($X), together accounting for 50% of total exports. Belgium, the Netherlands, Poland, Iceland, Faroe Islands, Estonia and Finland lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Poland, with a CAGR of +46.4%, 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 export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, shrinking by -8.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 11%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Iceland ($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 the Netherlands (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Denmark

For the third year in a row, Denmark recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 35% to X units in 2021. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, total imports indicated a prominent increase 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, imports increased by +52.8% 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 imports of in-hand motor grinders, sanders and planers to Denmark, with a combined 78% share of total imports. These countries were followed by Romania, the Netherlands, Japan, the UK and Belgium, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +124.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Denmark, comprising 46% of total imports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+19.0% per year) and China (+9.5% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, surging by 3.2% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 19%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Romania ($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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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