Denmark: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Denmark

In 2021, after seven years of growth, there was significant decline in the Danish machine tool for metal market, when its value decreased by -10.2% to $X. In general, consumption, however, showed a significant increase. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Denmark

In value terms, machine tool for metal production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 91% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Denmark

In 2021, exports of machine tools for working metal without removing metal from Denmark skyrocketed to X units, jumping by 226% on 2020. Over the period under review, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal exports surged to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 279%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X units) was the main destination for machine tool for metal exports from Denmark, with a 51% share of total exports. Moreover, machine tool for metal exports to Finland exceeded the volume sent to the second major destination, Italy (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.7% per year) and Germany (+47.0% per year).

In value terms, Italy ($X), Germany ($X) and Lithuania ($X) were the largest markets for machine tool for metal exported from Denmark worldwide, together comprising 59% of total exports. Romania, Poland, Honduras, Finland, Sweden, the UK and Canada lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Finland, with a CAGR of +162.6%, recorded 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 2021, the average machine tool for metal export price amounted to $X per unit, waning by -41% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 203% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Honduras ($X per unit), while the average price for exports to Canada ($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 Honduras (+115.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Denmark

In 2021, imports of machine tools for working metal without removing metal into Denmark soared to X units, jumping by 135% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 222% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, machine tool for metal imports surged to $X in 2021. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 492% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of machine tool for metal to Denmark, with a 46% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+79.9% per year) and Italy (+72.7% per year).

In value terms, the largest machine tool for metal suppliers to Denmark were Germany ($X), Italy ($X) and Switzerland ($X), together accounting for 82% of total imports.

Italy, with a CAGR of +52.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, declining by -44% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 84%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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