Denmark: Lift And Hoist Market 2024

Lift And Hoist Market Size in Denmark

In 2022, the Danish lift and hoist market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Lift And Hoist Production in Denmark

In value terms, lift and hoist production reduced modestly to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by 76% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Lift And Hoist Exports

Exports from Denmark

In 2022, after two years of growth, there was significant decline in overseas shipments of lifts and hoists, when their volume decreased by -15% to X units. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 101%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, lift and hoist exports stood at $X in 2022. Over the period under review, exports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X units), Germany (X units) and China (X units) were the main destinations of lift and hoist exports from Denmark, with a combined 46% share of total exports. The UK, the Netherlands, the United States, Spain, Ireland, Australia, Norway, Taiwan (Chinese), New Zealand and Russia lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +37.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift and hoist exported from Denmark were France ($X), Germany ($X) and China ($X), with a combined 47% share of total exports. The UK, the Netherlands, the United States, Spain, Ireland, Australia, Norway, Taiwan (Chinese), New Zealand and Russia lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Ireland, with a CAGR of +33.7%, saw the highest rates of growth with regard to 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

In 2022, the average lift and hoist export price amounted to $X per unit, with an increase of 20% against the previous year. In general, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Norway ($X per unit) and the United States ($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 New Zealand (-1.1%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Denmark

In 2022, supplies from abroad of lifts and hoists decreased by -37.8% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 119% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, lift and hoist imports shrank notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 67%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

Poland (X units), Germany (X units) and Spain (X units) were the main suppliers of lift and hoist imports to Denmark, with a combined 50% share of total imports. Sweden, Turkey, Italy, the Netherlands, the United States, China, the UK and Belgium lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +75.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Denmark were Poland ($X), Germany ($X) and Spain ($X), together accounting for 50% of total imports. Sweden, Turkey, Italy, the Netherlands, the United States, China, the UK and Belgium lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Turkey, with a CAGR of +111.2%, saw the highest rates of growth with regard to 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 lift and hoist import price stood at $X per unit in 2022, with an increase of 35% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 when the average import price increased by 44%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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