Denmark: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Denmark

The Danish pneumatic elevator market dropped modestly to $X in 2022, waning by -4.5% against the previous year. Over the period under review, consumption, however, saw a significant increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

Pneumatic Elevator Production in Denmark

In value terms, pneumatic elevator production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +119.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the immediate term.

Pneumatic Elevator Exports

Exports from Denmark

Pneumatic elevator exports from Denmark dropped to X units in 2022, declining by -14.7% on the previous year's figure. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic elevator exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for pneumatic elevator exports from Denmark, accounting for a 25% share of total exports. Moreover, pneumatic elevator exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. Poland (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.4% per year) and Poland (+17.9% per year).

In value terms, Germany ($X) remains the key foreign market for pneumatic elevators and conveyors exports from Denmark, comprising 25% of total exports. The second position in the ranking was taken by France ($X), with an 8% share of total exports. It was followed by Poland, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.2% per year) and Poland (+17.6% per year).

Export Prices by Country

The average pneumatic elevator export price stood at $X per unit in 2022, jumping by 25% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Oman ($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 Oman (+7.9%), while the prices for the other major destinations experienced a decline.

Pneumatic Elevator Imports

Imports into Denmark

In 2022, approx. less than X units of pneumatic elevators and conveyors were imported into Denmark; remaining stable against 2021 figures. In general, imports continue to indicate a abrupt decrease. The smallest decline of -5% was in 2015. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic elevator imports shrank markedly to $X in 2022. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 147% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), Germany (X units) and the United States (X units) were the main suppliers of pneumatic elevator imports to Denmark, together comprising 69% of total imports.

From 2014 to 2015, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +1,100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator suppliers to Denmark were Poland ($X), Germany ($X) and the United States ($X), with a combined 81% share of total imports. Italy, the Netherlands, Switzerland, Sweden, Belgium, Taiwan (Chinese) and Norway lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +2,162.7%, recorded the highest rates of growth with regard to 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

The average pneumatic elevator import price stood at $X per unit in 2015, growing by 2.2% against the previous year. Over the period from 2014 to 2015, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2015, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2014 to 2015, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1,031.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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