Denmark: Working Wire Machine Market 2024

Working Wire Machine Market Size in Denmark

The Danish working wire machine market declined sharply to $X in 2021, which is down by -97.1% against the previous year. In general, consumption recorded a dramatic decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Working Wire Machine Production in Denmark

In value terms, working wire machine production surged to $X in 2021 estimated in export price. In general, production, however, saw buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Working Wire Machine Exports

Exports from Denmark

In 2021, exports of machines for working wire from Denmark totaled X units, standing approx. at 2020 figures. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 237%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, working wire machine exports soared to $X in 2021. Over the period under review, exports posted a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units), India (X units) and Oman (X units) were the main destinations of working wire machine exports from Denmark, with a combined 66% 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 India (with a CAGR of +68.2%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the key foreign market for machines for working wire exports from Denmark, comprising 45% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by India, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.3% per year) and India (+7.7% per year).

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, increasing by 382% against the previous year. In general, the export price, however, saw a perceptible curtailment. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, 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 Turkey ($X per unit), while the average price for exports to Oman ($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 United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Denmark

Working wire machine imports into Denmark fell rapidly to X units in 2021, which is down by -83.3% against 2020 figures. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,580% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports fell remarkably to $X in 2021. Over the period under review, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,574%. Imports peaked at $X in 2020, and then declined remarkably in the following year.

Imports by Country

In 2021, Luxembourg (X units) constituted the largest supplier of working wire machine to Denmark, with a 37% share of total imports. Moreover, working wire machine imports from Luxembourg exceeded the figures recorded by the second-largest supplier, Canada (X units), twofold. Spain (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Luxembourg was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+24.6% per year) and Spain (0.0% per year).

In value terms, China ($X) constituted the largest supplier of machines for working wire to Denmark, comprising 80% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 12% share of total imports. It was followed by Spain, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (0.0% per year) and Spain (0.0% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, falling by -47.5% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4,005% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a 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 China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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