Denmark: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Denmark

The Danish machine-tool for removing material market skyrocketed to $X in 2021, rising by 52% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Denmark

In value terms, machine-tool for removing material production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 16%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Denmark

In 2021, overseas shipments of machine-tools for working any material by removal of material decreased by -39.9% to X units, falling for the second year in a row after three years of growth. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 220% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Ukraine (X units) and Norway (X units) were the main destinations of machine-tool for removing material exports from Denmark, together comprising 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +86.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Denmark, comprising 72% of total exports. The second position in the ranking was held by the UK ($X), with a 6.2% share of total exports. It was followed by Norway, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+15.7% per year) and Norway (+1.3% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, growing by 49% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 178%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ukraine ($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 Poland (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Denmark

In 2021, the amount of machine-tools for working any material by removal of material imported into Denmark skyrocketed to X units, rising by 83% on the previous year. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 87% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 47% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Iceland (X units) were the main suppliers of machine-tool for removing material imports to Denmark, together accounting for 44% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iceland (with a CAGR of +254.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Denmark, comprising 31% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.7% per year) and France (+12.4% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, which is down by -23.8% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of 29%. The import price peaked at $X per unit 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 Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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