Denmark: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Denmark

The Danish non-domestic dryer market surged to $X in 2021, rising by 17% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Non-Domestic Dryer Production in Denmark

In value terms, non-domestic dryer production rose rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Non-Domestic Dryer Exports

Exports from Denmark

In 2021, the amount of non-domestic dryers exported from Denmark reduced dramatically to X units, waning by -17.4% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 95%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-domestic dryer exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 68%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for non-domestic dryer exports from Denmark, with a 38% share of total exports. Moreover, non-domestic dryer exports to Germany exceeded the volume sent to the second major destination, Vietnam (X units), twofold. The third position in this ranking was taken by China (X units), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+87.8% per year) and China (+0.6% per year).

In value terms, the largest markets for non-domestic dryer exported from Denmark were China ($X), Germany ($X) and Vietnam ($X), together comprising 69% of total exports.

Vietnam, with a CAGR of +89.7%, saw the highest growth rate of 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

The average non-domestic dryer export price stood at $X per unit in 2021, surging by 75% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to South Africa ($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 China (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports into Denmark

Non-domestic dryer imports into Denmark dropped to X units in 2021, with a decrease of -6.6% compared with 2020. Overall, imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of 113% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, non-domestic dryer imports shrank sharply to $X in 2021. In general, imports showed a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 103%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of non-domestic dryer imports to Denmark, together comprising 57% of total imports. The Netherlands, Turkey, Belgium, Poland and the United States lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +124.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-domestic dryers to Denmark, comprising 26% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.7% per year) and Belgium (+2.5% per year).

Import Prices by Country

In 2021, the average non-domestic dryer import price amounted to $X per unit, dropping by -11.1% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 the United States ($X per unit), while the price for Turkey ($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 United States (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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