Denmark: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Denmark

In 2022, after two years of decline, there was significant growth in the Danish market for mechanical appliances for projecting, dispersing or spraying, when its value increased by 140% to $X. In general, consumption, however, showed a perceptible decline. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Denmark

In value terms, production of mechanical appliances for projecting, dispersing or spraying reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 56% against the previous year. Over the period under review, production of attained the peak level at $X in 2021, and then fell in the following year.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Denmark

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying exported from Denmark dropped to X units, with a decrease of -14.9% against 2021 figures. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying surged to $X in 2022. Overall, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for exports of mechanical appliances for projecting, dispersing or spraying from Denmark, with a 83% share of total exports. Moreover, exports of mechanical appliances for projecting, dispersing or spraying to Norway exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Sweden (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.5% per year) and Sweden (-25.0% per year).

In value terms, the United States ($X), Norway ($X) and the UK ($X) appeared to be the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Denmark worldwide, with a combined 66% share of total exports. Canada, Sweden, Germany, Spain, France, Italy and Russia lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Canada, with a CAGR of +63.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, increasing by 56% against the previous year. Overall, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($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 Italy (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Denmark

After two years of growth, supplies from abroad of mechanical appliances for projecting, dispersing or spraying decreased by -5.3% to X units in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 62%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying totaled $X in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 29% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Denmark, together accounting for 69% of total imports. Taiwan (Chinese), Italy, the Czech Republic, Norway, Belgium, France, the United States, Kazakhstan, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +94.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical appliances for projecting, dispersing or spraying suppliers to Denmark were Germany ($X), China ($X) and Sweden ($X), together accounting for 66% of total imports. The United States, Italy, Norway, Taiwan (Chinese), France, Belgium, the Czech Republic, the Netherlands, Kazakhstan and Hungary lagged somewhat behind, together comprising a further 24%.

Taiwan (Chinese), with a CAGR of +94.0%, saw the highest growth rate of 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

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, surging by 5.6% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mechanical appliances for projecting, dispersing or spraying decreased by -0.7% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 69%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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