Denmark: Microscope Market 2024

Microscope Market Size in Denmark

For the sixth year in a row, the Danish microscope market recorded growth in sales value, which increased by 54% to $X in 2021. Over the period under review, consumption saw a significant increase. Microscope consumption peaked in 2021 and is expected to retain growth in years to come.

Microscope Production in Denmark

In value terms, microscope production fell slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.7% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Microscope Exports

Exports from Denmark

In 2021, shipments abroad of microscopes and diffraction apparatus increased by 48% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 2,033%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, microscope exports soared to $X in 2021. Overall, exports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of 130%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units), South Korea (X units) and Faroe Islands (X units) were the main destinations of microscope exports from Denmark, with a combined 87% 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 South Korea (with a CAGR of +422.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for microscope exported from Denmark were the UK ($X), Faroe Islands ($X) and South Korea ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +550.8%, saw the highest rates of growth with regard to 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

In 2021, the average microscope export price amounted to $X per unit, increasing by 6.8% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 648%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Norway ($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 (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Microscope Imports

Imports into Denmark

In 2021, approx. X units of microscopes and diffraction apparatus were imported into Denmark; picking up by 75% against 2020. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 287%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, microscope imports dropped notably to $X in 2021. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 350% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Finland (X units) constituted the largest supplier of microscope to Denmark, with a 65% share of total imports. Moreover, microscope imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Finland stood at +502.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+28.8% per year) and the UK (+20.4% per year).

In value terms, Sweden ($X), the UK ($X) and Germany ($X) appeared to be the largest microscope suppliers to Denmark, together comprising 60% of total imports. The United States, the Netherlands, Finland, Spain and China lagged somewhat behind, together accounting for a further 38%.

Finland, with a CAGR of +123.0%, recorded the highest growth rate of the value of imports, among 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 microscope import price amounted to $X per unit, dropping by -67.2% against the previous year. Over the period under review, the import price saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 270% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Finland ($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 Czech Republic (+54.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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