Denmark: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Denmark

In 2021, after two years of growth, there was significant decline in the Danish food manufacture machinery market, when its value decreased by -30.1% to $X. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Food Manufacture Machinery Production in Denmark

In value terms, food manufacture machinery production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Denmark

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink decreased by -29.1% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 62%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, food manufacture machinery exports contracted to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 17%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units), the United States (X units) and the UK (X units) were the main destinations of food manufacture machinery exports from Denmark, with a combined 55% share of total exports. China, Russia, the Netherlands, Australia, Turkey, Canada, Sweden, New Zealand, Germany and Spain lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from Denmark, comprising 25% of total exports. The second position in the ranking was held by Norway ($X), with a 7.5% share of total exports. It was followed by China, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+7.1% per year) and China (+25.5% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, growing by 33% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery export price increased by +47.9% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Norway ($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 Russia (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Denmark

In 2021, overseas purchases of machinery for the preparation or manufacture of food or drink decreased by -5.7% to X units, falling for the second year in a row after three years of growth. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -33.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 94%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, food manufacture machinery imports rose sharply to $X in 2021. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 98%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of food manufacture machinery imports to Denmark, with a combined 50% share of total imports. Poland, Turkey, Norway, the Czech Republic, Latvia, Sweden, the Netherlands, Estonia, Slovakia and Spain lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +40.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to Denmark were Germany ($X), Italy ($X) and Latvia ($X), with a combined 56% share of total imports. These countries were followed by Poland, China, the Czech Republic, Turkey, the Netherlands, Slovakia, Norway, Spain, Sweden and Estonia, which together accounted for a further 36%.

Turkey, with a CAGR of +45.3%, 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

In 2021, the average food manufacture machinery import price amounted to $X per unit, with an increase of 17% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price increased by +66.4% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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