Denmark: Industrial Robot Market 2024

Industrial Robot Market Size in Denmark

The Danish industrial robot market surged to $X in 2021, picking up by 1,655% against the previous year. Overall, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Industrial Robot Production in Denmark

In value terms, industrial robot production surged to $X in 2021 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 288%. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the immediate term.

Industrial Robot Exports

Exports from Denmark

In 2021, approx. X units of industrial robots for multiple uses were exported from Denmark; picking up by 17% compared with the previous year. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 178% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, industrial robot exports surged to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 109%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for industrial robot exports from Denmark, accounting for a 28% share of total exports. Moreover, industrial robot exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+73.8% per year) and Germany (+15.6% per year).

In value terms, the largest markets for industrial robot exported from Denmark were the United States ($X), Germany ($X) and China ($X), together comprising 51% of total exports. Japan, France, Italy, Hungary, Costa Rica, the Czech Republic, the UK, South Korea, Mexico and Norway lagged somewhat behind, together comprising a further 26%.

Costa Rica, with a CAGR of +156.7%, 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 industrial robot export price stood at $X per unit in 2021, picking up by 11% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 163% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Norway ($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 United States (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Robot Imports

Imports into Denmark

In 2021, supplies from abroad of industrial robots for multiple uses decreased by -9.8% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 60%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial robot imports totaled $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 53%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Sweden (X units) and South Korea (X units) were the main suppliers of industrial robot imports to Denmark, together comprising 73% of total imports. Italy, Austria, the Netherlands, China and Norway lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +35.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) were the largest industrial robot suppliers to Denmark, with a combined 58% share of total imports. These countries were followed by Italy, South Korea, Austria, China and Norway, which together accounted for a further 21%.

In terms of the main suppliers, Italy, with a CAGR of +29.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial robot import price stood at $X per unit in 2021, growing by 26% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial robot import price decreased by -8.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 58%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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