Denmark: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Denmark

The Danish machine-tool for working wood market declined significantly to $X in 2021, falling by -93.1% against the previous year. Over the period under review, consumption saw a dramatic slump. Machine-tool for working wood consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Production of Machine-Tools For Working Wood in Denmark

In value terms, machine-tool for working wood production skyrocketed to $X in 2021 estimated in export price. In general, production showed a resilient increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Wood

Exports from Denmark

In 2021, approx. X tons of machine-tools for working wood were exported from Denmark; rising by 90% against the previous year. Overall, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood exports soared to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Argentina (X tons) and the United States (X tons) were the main destinations of machine-tool for working wood exports from Denmark, with a combined 36% share of total exports. Poland, Brazil, Sweden, Germany, France, Romania, the Netherlands, Norway, Finland and Russia lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +126.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Denmark were the United States ($X), Estonia ($X) and Poland ($X), with a combined 33% share of total exports. Brazil, France, Germany, Sweden, Norway, Romania, the Netherlands, Argentina, Finland and Russia lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Brazil, with a CAGR of +110.0%, saw 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 wood export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Denmark

In 2021, approx. X tons of machine-tools for working wood were imported into Denmark; waning by -17.5% on 2020. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 58%. Over the period under review, imports hit record highs at X tons in 2020, and then shrank dramatically in the following year.

In value terms, machine-tool for working wood imports totaled $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.9% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 28% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of machine-tool for working wood to Denmark, accounting for a 47% share of total imports. Moreover, machine-tool for working wood imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.9% per year) and Sweden (+19.7% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working wood to Denmark, comprising 48% of total imports. The second position in the ranking was held by Italy ($X), with a 21% share of total imports. It was followed by Sweden, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.0% per year) and Sweden (+22.3% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, picking up by 29% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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