Denmark: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Denmark

The Danish steam blasting machine market declined dramatically to $X in 2021, reducing by -76.3% against the previous year. Over the period under review, consumption saw a precipitous decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Steam Blasting Machine Production in Denmark

In value terms, steam blasting machine production soared to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.6% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Steam Blasting Machine Exports

Exports from Denmark

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines exported from Denmark rose notably to X units, picking up by 13% against the previous year. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +131.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, steam blasting machine exports rose rapidly to $X in 2021. Overall, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 +25.7% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 28% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Sweden (X units) and the UK (X units) were the main destinations of steam blasting machine exports from Denmark, with a combined 41% share of total exports. France, Spain, Norway, Mexico, Belgium, Russia, Finland, China, the Netherlands and Australia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and France ($X) constituted the largest markets for steam blasting machine exported from Denmark worldwide, with a combined 35% share of total exports. The UK, Norway, Spain, Mexico, Belgium, the Netherlands, Finland, Australia, China and Russia lagged somewhat behind, together accounting for a further 46%.

Mexico, with a CAGR of +42.2%, saw 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 steam blasting machine export price amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Russia ($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 Norway (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Denmark

In 2021, overseas purchases of steam or sand blasting machines and similar jet-projecting machines increased by 23% to X units, rising for the second consecutive year after five years of decline. In general, imports, however, showed a noticeable downturn. The growth pace was the most rapid in 2020 when imports increased by 85% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, steam blasting machine imports soared to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest steam blasting machine supplier to Denmark, with a 63% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Germany (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+34.5% per year) and Germany (+3.7% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Denmark, comprising 59% of total imports. The second position in the ranking was held by Sweden ($X), with a 13% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+30.8% per year) and Germany (+3.0% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, waning by -5.2% against the previous year. In general, the import price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :