Denmark: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Denmark

The Danish market for parts of harvester and threshers soared to $X in 2021, rising by 29% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +46.1% against 2019 indices. Parts of harvester and threshers consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Parts Of Harvester And Threshers in Denmark

In value terms, parts of harvester and threshers production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Denmark

In 2021, overseas shipments of parts of harvester and threshers increased by 39% to X units for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, saw a noticeable decline. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Overall, exports, however, saw a mild reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Norway (X units) and Russia (X units) were the main destinations of parts of harvester and threshers exports from Denmark, together comprising 46% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +29.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for parts of harvester and threshers exported from Denmark were France ($X), Germany ($X) and Norway ($X), together comprising 52% of total exports.

Norway, with a CAGR of +15.9%, saw the highest growth rate of 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

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, which is down by -9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2019 an increase of 14%. The export price peaked at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Germany (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Denmark

In 2021, overseas purchases of parts of harvester and threshers were finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 33%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, parts of harvester and threshers imports soared to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Sweden (X units) and Poland (X units) were the main suppliers of parts of harvester and threshers imports to Denmark, together accounting for 54% of total imports. China, Italy, Latvia, the Netherlands, Hungary, France, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +57.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Denmark were Germany ($X), Sweden ($X) and Italy ($X), with a combined 71% share of total imports. These countries were followed by Poland, the Netherlands, China, France, Belgium, Latvia, Hungary and the Czech Republic, which together accounted for a further 23%.

Among the main suppliers, Hungary, with a CAGR of +56.9%, saw the highest growth rate of the value of imports, 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 parts of harvester and threshers amounted to $X per unit, surging by 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform