Denmark: Public Works Machinery Market 2024

Public Works Machinery Market Size in Denmark

The Danish public works machinery market dropped to $X in 2021, which is down by -14.4% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.4% against 2018 indices. Public works machinery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Public Works Machinery Production in Denmark

In value terms, public works machinery production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 190% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Public Works Machinery Exports

Exports from Denmark

In 2021, approx. X units of machinery for public works and building were exported from Denmark; growing by 30% on 2020 figures. Over the period under review, exports recorded a tangible expansion. The pace of growth appeared the most rapid in 2013 with an increase of 73% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, public works machinery exports soared to $X in 2021. In general, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and Egypt (X units) were the main destinations of public works machinery exports from Denmark, with a combined 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +70.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) constituted the largest markets for public works machinery exported from Denmark worldwide, together comprising 39% of total exports. These countries were followed by Poland, Sweden, the UK, Russia, Egypt, Lithuania, Norway, France, Austria and Ukraine, which together accounted for a further 36%.

Egypt, with a CAGR of +137.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 public works machinery export price amounted to $X per unit, with a decrease of -8.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 86%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Ukraine ($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 the Netherlands (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Denmark

In 2021, supplies from abroad of machinery for public works and building was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 55%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, public works machinery imports soared to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 36% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest public works machinery supplier to Denmark, with a 44% share of total imports. Moreover, public works machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The United States (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.7% per year) and the United States (+12.1% per year).

In value terms, the largest public works machinery suppliers to Denmark were Germany ($X), the Netherlands ($X) and Sweden ($X), with a combined 76% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +33.7%, 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 public works machinery import price stood at $X per unit in 2021, increasing by 17% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 150%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 the Netherlands ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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