Denmark: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Denmark

The Danish market for equipment for scaffolding, shuttering, propping or pit propping surged to $X in 2021, rising by 34% against the previous year. In general, consumption recorded a strong expansion. Scaffolding, shuttering, and propping equipment consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Denmark

In value terms, scaffolding, shuttering, and propping equipment production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Denmark

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 103%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports expanded to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Denmark, accounting for a 50% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Norway exceeded the volume sent to the second major destination, Greenland (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+37.0% per year) and Mexico (0.0% per year).

In value terms, Norway ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Denmark, comprising 40% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+19.6% per year) and Germany (+10.5% per year).

Export Prices by Country

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, reducing by -18% against the previous year. Over the period under review, the export price saw a pronounced decrease. The growth pace was the most rapid in 2016 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Denmark

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping imported into Denmark rose significantly to X tons, with an increase of 6.3% against the year before. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 decreased by -2.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 28%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 40%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest scaffolding, shuttering, and propping equipment supplier to Denmark, with a 36% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.2% per year) and Sweden (+13.9% per year).

In value terms, Germany ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to Denmark, comprising 40% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+8.2% per year) and China (+0.5% per year).

Import Prices by Country

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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