Denmark: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Denmark

In 2022, the Danish personal weighing machine market decreased by -22.6% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.3% against 2020 indices. Personal weighing machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Personal Weighing Machine Production in Denmark

In value terms, personal weighing machine production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt downturn. Personal weighing machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Personal Weighing Machine Exports

Exports from Denmark

In 2022, shipments abroad of personal weighing machines decreased by -27.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, personal weighing machine exports contracted significantly to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.4% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Sweden (X units), Norway (X units) and Germany (X units) were the main destinations of personal weighing machine exports from Denmark, together comprising 70% of total exports. Hong Kong SAR, the Netherlands, Finland, the United States and the UK lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +123.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for personal weighing machine exported from Denmark were Sweden ($X), Norway ($X) and Germany ($X), together comprising 75% of total exports. Hong Kong SAR, Finland, the Netherlands, the United States and the UK lagged somewhat behind, together comprising a further 11%.

The United States, with a CAGR of +102.4%, recorded the highest rates of growth with regard to 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 personal weighing machine export price stood at $X per unit in 2022, dropping by -1.6% against the previous year. Over the period under review, the export price saw a slight curtailment. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+12.3%), while the prices for the other major destinations experienced mixed trend patterns.

Personal Weighing Machine Imports

Imports into Denmark

After three years of growth, purchases abroad of personal weighing machines decreased by -28.1% to X units in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then shrank dramatically in the following year.

In value terms, personal weighing machine imports shrank dramatically to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of personal weighing machine imports to Denmark, together accounting for 89% of total imports. The Netherlands, Hong Kong SAR and Poland lagged somewhat behind, together comprising a further 7.5%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest personal weighing machine suppliers to Denmark, together comprising 77% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +21.0%, recorded 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 2022, the average personal weighing machine import price amounted to $X per unit, growing by 2.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :