Denmark: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Denmark

After two years of decline, the Danish machine-tool for working metal market increased by 35% to $X in 2021. Overall, consumption, however, saw a deep reduction. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Denmark

In value terms, machine-tool for working metal production surged to $X in 2021 estimated in export price. In general, production showed a perceptible shrinkage. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from Denmark

In 2021, overseas shipments of machine tools for working metal decreased by -3.5% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a mild contraction. The pace of growth was the most pronounced in 2019 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports declined notably to $X in 2021. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for machine-tool for working metal exports from Denmark, accounting for a 36% share of total exports. Moreover, machine-tool for working metal exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), fourfold. Norway (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+3.4% per year) and Norway (-5.7% per year).

In value terms, Germany ($X), France ($X) and Sweden ($X) were the largest markets for machine-tool for working metal exported from Denmark worldwide, with a combined 39% share of total exports. Israel, the UK, Norway, Romania, the Netherlands, Peru, Poland and the Philippines lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Israel, with a CAGR of +42.5%, recorded the highest growth rate of 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 2021, the average machine-tool for working metal export price amounted to $X per unit, with a decrease of -35.3% against the previous year. In general, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 37%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to the Philippines ($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 Israel (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Denmark

In 2021, overseas purchases of machine tools for working metal were finally on the rise to reach X units after two years of decline. In general, imports continue to indicate pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 90% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Denmark, accounting for a 33% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Brazil (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.8% per year) and Brazil (0.0% per year).

In value terms, Germany ($X), Turkey ($X) and China ($X) were the largest machine-tool for working metal suppliers to Denmark, with a combined 47% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +9.2%, 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

In 2021, the average machine-tool for working metal import price amounted to $X per unit, which is down by -36.1% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, average import prices attained the maximum 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, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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