Denmark: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Denmark

The Danish liquid supply meter market soared to $X in 2021, growing by 1,065% against the previous year. Overall, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Liquid Supply Meter Production in Denmark

In value terms, liquid supply meter production expanded sharply to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.3% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Over the period under review, production hit record highs in 2021 and is likely to continue growth in the near future.

Liquid Supply Meter Exports

Exports from Denmark

In 2021, shipments abroad of liquid supply or production meters increased by 91% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, faced a sharp descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, liquid supply meter exports skyrocketed to $X in 2021. Overall, exports, however, showed a precipitous slump. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), the United States (X units) and Norway (X units) were the main destinations of liquid supply meter exports from Denmark, with a combined 59% share of total exports. The Netherlands, Switzerland, Poland, Saudi Arabia, Germany, the UK, France and Finland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for liquid supply or production meters exports from Denmark, comprising 46% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.9% share of total exports. It was followed by Switzerland, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-43.0% per year) and Switzerland (+69.0% per year).

Export Prices by Country

The average liquid supply meter export price stood at $X per unit in 2021, increasing by 8.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 23%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sweden ($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 Finland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Denmark

In 2021, overseas purchases of liquid supply or production meters increased by 80% to X units, rising for the sixth year in a row after three years of decline. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquid supply meter imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of liquid supply meter to Denmark, with a 71% share of total imports. Moreover, liquid supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (X units) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.3% per year) and Italy (-16.3% per year).

In value terms, the largest liquid supply meter suppliers to Denmark were Germany ($X), China ($X) and Italy ($X), with a combined 84% share of total imports.

Among the main suppliers, China, with a CAGR of +36.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, falling by -7.8% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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