Denmark: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Denmark

After four years of growth, the Danish numerically controlled drilling machine market decreased by -25.5% to $X in 2021. Overall, consumption, however, saw a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020, and then reduced remarkably in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Denmark

In value terms, numerically controlled drilling machine production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild decline. Numerically controlled drilling machine production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Denmark

In 2021, overseas shipments of numerically controlled drilling machines for working metal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a sharp decline. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. Overall, exports, however, faced a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for numerically controlled drilling machine exports from Denmark, with a 88% share of total exports. Moreover, numerically controlled drilling machine exports to Chile exceeded the volume sent to the second major destination, Turkey (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-63.0% per year) and Norway (-54.5% per year).

In value terms, Chile ($X), Turkey ($X) and Norway ($X) were the largest markets for numerically controlled drilling machine exported from Denmark worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, surging by 46% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+188.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Denmark

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported into Denmark; dropping by -96.8% against the previous year. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 1,049% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, numerically controlled drilling machine imports declined significantly to $X in 2021. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 774%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of numerically controlled drilling machine to Denmark, with a 60% share of total imports. Moreover, numerically controlled drilling machine imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-24.1% per year) and Taiwan (Chinese) (+27.2% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Denmark, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.0% per year) and Germany (-29.9% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, surging by 249% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+25.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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