Denmark: Machinery For Packing Market 2024

Machinery For Packing Market Size in Denmark

The Danish machinery for packing market fell sharply to $X in 2022, waning by -83.2% against the previous year. Over the period under review, consumption showed a deep reduction. Machinery for packing consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in Denmark

In value terms, machinery for packing production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Machinery For Packing Exports

Exports from Denmark

In 2022, overseas shipments of machinery for packing or wrapping decreased by -1.1% to X units, falling for the fourth consecutive year after three years of growth. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.7% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports contracted to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 42%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and the UK (X units) were the main destinations of machinery for packing exports from Denmark, together accounting for 34% of total exports. The United States, Mexico, Spain, Hungary, Poland, Lithuania, Sweden, China, Canada and Finland lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +70.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for machinery for packing or wrapping exports from Denmark, comprising 21% of total exports. The second position in the ranking was held by the United States ($X), with an 8.2% share of total exports. It was followed by Mexico, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.1% per year) and Mexico (+8.7% per year).

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, dropping by -6.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Denmark

In 2022, the amount of machinery for packing or wrapping imported into Denmark contracted sharply to X units, falling by -43.4% on the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 34%. Over the period under review, imports reached the maximum at X units in 2021, and then reduced rapidly in the following year.

In value terms, machinery for packing imports reduced dramatically to $X in 2022. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 48%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest machinery for packing supplier to Denmark, with a 31% share of total imports. Moreover, machinery for packing imports from Italy exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Germany (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.7% per year) and Germany (-11.3% per year).

In value terms, Japan ($X), Italy ($X) and Germany ($X) appeared to be the largest machinery for packing suppliers to Denmark, together comprising 52% of total imports. The Netherlands, Turkey, Sweden, Spain, Belgium, China, Poland, San Marino, Taiwan (Chinese) and Ireland lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Turkey, with a CAGR of +57.4%, recorded 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

The average machinery for packing import price stood at $X per unit in 2022, waning by -2.6% against the previous year. In general, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 21%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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