Report Update Nov 1, 2024

Denmark - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Steam Turbine Market 2024

Steam Turbine Market Size in Denmark

In 2021, the Danish steam turbine market decreased by -17.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, recorded a significant increase. Steam turbine consumption peaked at $X in 2020, and then dropped sharply in the following year.

Steam Turbine Production in Denmark

In value terms, steam turbine production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 689% against the previous year. Steam turbine production peaked at $X in 2020, and then declined remarkably in the following year.

Steam Turbine Exports

Exports from Denmark

In 2021, the amount of steam turbines and other vapor turbines exported from Denmark soared to X units, jumping by 325% compared with 2020. Overall, exports, however, saw a precipitous descent. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, steam turbine exports surged to $X in 2021. In general, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 969% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for steam turbine exports from Denmark, with a 76% share of total exports. Moreover, steam turbine exports to the UK exceeded the volume sent to the second major destination, Australia (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Iceland (-14.3% per year).

It was followed by Australia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +103.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-23.1% per year) and Australia (0.0% per year).

Export Prices by Country

The average steam turbine export price stood at $X per unit in 2021, surging by 25% against the previous year. In general, the export price recorded a moderate increase. The most prominent rate of growth was recorded in 2014 an increase of 949%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iceland ($X per unit), while the average price for exports to Australia ($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 South Africa (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Turbine Imports

Imports into Denmark

In 2021, overseas purchases of steam turbines and other vapor turbines were finally on the rise to reach X units after two years of decline. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,978% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, steam turbine imports surged to $X in 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 3,953%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units) and the Czech Republic (X units) were the main suppliers of steam turbine imports to Denmark.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +46.5%).

In value terms, the Czech Republic ($X) constituted the largest supplier of steam turbines and other vapor turbines to Denmark, comprising 91% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.8% per year) and China (-24.7% per year).

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, declining by -47.6% against the previous year. In general, the import price, however, saw a notable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 178% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while the price for Germany amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+41.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Indonesia, together accounting for 72% of global consumption. Sweden, Turkey, Germany, Japan and Mongolia lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Sweden, with a combined 82% share of global production.

What are the leading suppliers of steam turbines and other vapor turbines to Denmark?

In value terms, the Czech Republic constituted the largest supplier of steam turbine to Denmark, comprising 91% of total imports. The second position in the ranking was occupied by Germany, with a 9.2% share of total imports.

What is the average export price for steam turbines and other vapor turbines in Denmark?

The average steam turbine export price stood at $802 per unit in 2021, dropping by -37.5% against the previous year.

What is the average import price for steam turbines and other vapor turbines in Denmark?

In 2021, the average steam turbine import price amounted to $156 per unit, falling by -15% against the previous year.

This report provides an in-depth analysis of the steam turbine market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28112130 -
Prodcom 28112150 -

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023