Denmark: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Denmark

The Danish sugar-manufacturing industrial machinery market surged to $X in 2022, jumping by 18% against the previous year. Over the period under review, consumption saw a drastic downturn. Sugar-manufacturing industrial machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Denmark

In value terms, sugar-manufacturing industrial machinery production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 72%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Denmark

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by -41.7% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,535% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports fell significantly to $X in 2022. Over the period under review, exports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 2,070%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for sugar-manufacturing industrial machinery exports from Denmark, with a 93% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to the UK exceeded the volume sent to the second major destination, Greenland (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +1,200.0%.

In value terms, the UK ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Denmark, comprising 59% of total exports. The second position in the ranking was taken by Greenland ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +938.0%.

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, declining by -26.6% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 813%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greenland ($X per unit), while the average price for exports to the UK stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (+81.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Denmark

In 2022, after three years of growth, there was decline in overseas purchases of industrial machinery for the manufacture or preparation of sugar, when their volume decreased by -0.5% to X units. Overall, imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,720%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,645% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X units), India (X units) and China (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Denmark.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +773.3%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Denmark, comprising 80% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by China, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +836.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.1% per year) and China (-16.1% per year).

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, jumping by 85% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2019 an increase of 198% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :