Denmark: Poultry Incubator Market 2024

Poultry Incubator Market Size in Denmark

In 2022, the Danish poultry incubator market increased by 12% to $X, rising for the second consecutive year after eight years of decline. In general, consumption, however, faced a deep downturn. Poultry incubator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Poultry Incubator Production in Denmark

In value terms, poultry incubator production reduced sharply to $X in 2022 estimated in export price. Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports from Denmark

In 2022, after three years of growth, there was significant decline in overseas shipments of poultry incubators and brooders, when their volume decreased by -65.7% to X units. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 282%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry incubator exports fell remarkably to $X in 2022. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 287%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X units), Madagascar (X units) and Malaysia (X units) were the main destinations of poultry incubator exports from Denmark, together accounting for 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +41.0%), while the other leaders experienced mixed trend patterns.

In value terms, Israel ($X) emerged as the key foreign market for poultry incubators and brooders exports from Denmark, comprising 51% of total exports. The second position in the ranking was taken by Madagascar ($X), with a 25% share of total exports. It was followed by Malaysia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Israel totaled +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (-4.0% per year) and Malaysia (-1.6% per year).

Export Prices by Country

In 2022, the average poultry incubator export price amounted to $X per unit, surging by 15% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Madagascar ($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 Israel (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Incubator Imports

Imports into Denmark

For the fifth consecutive year, Denmark recorded decline in supplies from abroad of poultry incubators and brooders, which decreased by -23.1% to X units in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 60% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, poultry incubator imports declined markedly to $X in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Italy (X units) were the main suppliers of poultry incubator imports to Denmark, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Italy ($X) and Switzerland ($X) appeared to be the largest poultry incubator suppliers to Denmark, together comprising 68% of total imports.

Switzerland, with a CAGR of +136.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average poultry incubator import price stood at $X per unit in 2022, reducing by -13.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 18%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell in the following year.

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 UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+101.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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