Denmark: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Denmark

The Danish finishing paper machinery market totaled $X in 2021, picking up by 10% against the previous year. Overall, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Finishing Paper Machinery Production in Denmark

In value terms, finishing paper machinery production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Finishing Paper Machinery Exports

Exports from Denmark

Finishing paper machinery exports from Denmark contracted rapidly to X units in 2021, with a decrease of -89% compared with the previous year's figure. Overall, exports showed a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by 689% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, finishing paper machinery exports shrank significantly to $X in 2021. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2019 with an increase of 124%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

North Macedonia (X units) was the main destination for finishing paper machinery exports from Denmark, accounting for a 46% share of total exports. Moreover, finishing paper machinery exports to North Macedonia exceeded the volume sent to the second major destination, Norway (X units), threefold. The third position in this ranking was held by Ireland (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+8.0% per year) and Ireland (0.0% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for machinery for finishing paper or paperboard exports from Denmark, comprising 44% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 5.8% share of total exports. It was followed by Ukraine, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh stood at +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (0.0% per year) and Ukraine (-28.8% per year).

Export Prices by Country

The average finishing paper machinery export price stood at $X per unit in 2021, increasing by 93% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to North Macedonia ($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 Bangladesh (+80.6%), while the prices for the other major destinations experienced a decline.

Finishing Paper Machinery Imports

Imports into Denmark

In 2021, finishing paper machinery imports into Denmark dropped dramatically to X units, with a decrease of -34.2% on 2020 figures. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 199%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, finishing paper machinery imports declined notably to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 440%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of finishing paper machinery imports to Denmark, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest finishing paper machinery suppliers to Denmark were Germany ($X), Belgium ($X) and Sweden ($X), with a combined 69% share of total imports. China, Austria, the Netherlands and the United States lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Austria, with a CAGR of +222.3%, recorded the highest growth rate of 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

The average finishing paper machinery import price stood at $X per unit in 2021, with a decrease of -13.5% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, finishing paper machinery import price increased by +52.2% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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