Denmark: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Denmark

The Danish harvesting machinery market contracted dramatically to $X in 2021, falling by -17.2% against the previous year. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.9% against 2019 indices. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Harvesting Machinery Production in Denmark

In value terms, harvesting machinery production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 64%. Harvesting machinery production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Harvesting Machinery Exports

Exports from Denmark

In 2021, after four years of decline, there was significant growth in shipments abroad of root or tuber harvesting machines, when their volume increased by 33% to X units. Overall, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, harvesting machinery exports soared to $X in 2021. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +37.0% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 105%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), Sweden (X units) and Norway (X units) were the main destinations of harvesting machinery exports from Denmark, together comprising 37% of total exports. These countries were followed by France, Russia, the UK, Poland, the Czech Republic, the Netherlands, Finland, the United States, Belgium and Switzerland, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +32.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for harvesting machinery exported from Denmark were Sweden ($X), Germany ($X) and France ($X), with a combined 38% share of total exports. These countries were followed by Norway, the United States, Russia, the UK, the Netherlands, the Czech Republic, Finland, Belgium, Switzerland and Poland, which together accounted for a further 46%.

Belgium, with a CAGR of +43.8%, recorded the highest growth rate of 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

In 2021, the average harvesting machinery export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 Belgium (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Denmark

Harvesting machinery imports into Denmark reached X units in 2021, stabilizing at the previous year. In general, imports, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, harvesting machinery imports reduced to $X in 2021. Over the period under review, imports saw a measured expansion. The growth pace was the most rapid in 2020 with an increase of 93%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of harvesting machinery to Denmark, with a 69% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+34.2% per year) and the UK (+5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Denmark, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by the UK, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+46.4% per year) and the UK (+10.7% per year).

Import Prices by Country

In 2021, the average harvesting machinery import price amounted to $X per unit, dropping by -8.2% against the previous year. Overall, the import price, however, posted a buoyant increase. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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