Denmark: Spades And Shovels Market 2024

Spades And Shovels Market Size in Denmark

In 2021, the Danish spades and shovels market increased by 3.8% to $X, rising for the third year in a row after four years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.8% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Spades And Shovels Production in Denmark

In value terms, spades and shovels production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Spades And Shovels Exports

Exports from Denmark

In 2021, shipments abroad of spades and shovels increased by 20% to X tons, rising for the fourth year in a row after five years of decline. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 136%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spades and shovels exports rose markedly to $X in 2021. In general, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 115% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Germany (X tons) and Norway (X tons) were the main destinations of spades and shovels exports from Denmark, with a combined 79% share of total exports. The UK, Faroe Islands, the United States, Iceland and Finland lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Faroe Islands (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spades and shovels exported from Denmark were Germany ($X), Sweden ($X) and Norway ($X), with a combined 65% share of total exports. These countries were followed by Faroe Islands, the UK, the United States, Iceland and Finland, which together accounted for a further 26%.

Faroe Islands, with a CAGR of +23.0%, 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 spades and shovels export price stood at $X per ton in 2021, with a decrease of -5.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+69.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spades And Shovels Imports

Imports into Denmark

In 2021, purchases abroad of spades and shovels decreased by -2.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, spades and shovels imports rose notably to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 22%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of spades and shovels to Denmark, with a 62% share of total imports. Moreover, spades and shovels imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and Germany (-5.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of spades and shovels to Denmark, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.6% per year) and Germany (-2.3% per year).

Import Prices by Country

In 2021, the average spades and shovels import price amounted to $X per ton, picking up by 15% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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