Denmark: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Denmark

In 2021, the Danish market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -17.2% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Non-electronic liquid or gas measurer consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Denmark

In value terms, non-electronic liquid or gas measurer production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 106% against the previous year. Non-electronic liquid or gas measurer production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Denmark

In 2021, approx. X units of non-electronic instruments for measuring or checking variables of liquids or gases were exported from Denmark; growing by 4.7% against the year before. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer exports amounted to $X in 2021. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 46%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units), Germany (X units) and China (X units) were the main destinations of non-electronic liquid or gas measurer exports from Denmark, with a combined 28% share of total exports. These countries were followed by the Netherlands, France, Sweden, Poland, Italy, Finland, Norway, Austria, Spain and India, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +74.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic liquid or gas measurer exported from Denmark were Sweden ($X), the Netherlands ($X) and Germany ($X), together comprising 31% of total exports. The UK, France, China, Poland, Finland, Norway, Italy, Austria, Spain and India lagged somewhat behind, together accounting for a further 38%.

Austria, with a CAGR of +49.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, remaining constant against the previous year. Overall, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sweden ($X per unit), while the average price for exports to India ($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 Norway (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Denmark

In 2021, after two years of growth, there was significant decline in purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases, when their volume decreased by -14% to X units. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then fell in the following year.

In value terms, non-electronic liquid or gas measurer imports stood at $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 30%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and Croatia (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Denmark, with a combined 66% share of total imports. These countries were followed by Lithuania, Switzerland, Taiwan (Chinese), Poland, Bulgaria, the United States, Italy and Sweden, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +224.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer suppliers to Denmark were Germany ($X), China ($X) and the United States ($X), together accounting for 52% of total imports. These countries were followed by Switzerland, Taiwan (Chinese), Lithuania, Croatia, Sweden, Italy, Bulgaria and Poland, which together accounted for a further 18%.

Bulgaria, with a CAGR of +196.3%, 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

In 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, with an increase of 28% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 54% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Poland ($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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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