Denmark: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Denmark

The Danish metal threading machine market dropped markedly to $X in 2021, which is down by -73% against the previous year. Overall, consumption saw a deep slump. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Production in Denmark

In value terms, metal threading machine production reduced notably to $X in 2021 estimated in export price. In general, production saw a deep contraction. Metal threading machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Threading Machine Exports

Exports from Denmark

After four years of growth, shipments abroad of threading or tapping machines for working metal decreased by -18.5% to X units in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 241% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then declined notably in the following year.

In value terms, metal threading machine exports stood at $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 216% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for metal threading machine exports from Denmark, with a 87% share of total exports. Moreover, metal threading machine exports to Belgium exceeded the volume sent to the second major destination, Norway (X units), more than tenfold. The third position in this ranking was taken by Sweden (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-21.3% per year) and Sweden (+4.6% per year).

In value terms, Belgium ($X) remains the key foreign market for threading or tapping machines for working metal exports from Denmark, comprising 94% of total exports. The second position in the ranking was held by Sweden ($X), with a 2.3% share of total exports. It was followed by Faroe Islands, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+3.6% per year) and Faroe Islands (+4.0% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, jumping by 34% against the previous year. Overall, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the average price for exports to Norway ($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 (+7.2%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Denmark

In 2021, overseas purchases of threading or tapping machines for working metal decreased by -23.3% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 199%. Over the period under review, imports attained the maximum at X units in 2020, and then declined dramatically in the following year.

In value terms, metal threading machine imports shrank to $X in 2021. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 173% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Sweden (X units) and China (X units) were the main suppliers of metal threading machine imports to Denmark, with a combined 84% share of total imports. Finland, Italy, Austria and Turkey lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +3,000.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Germany ($X) constituted the largest metal threading machine suppliers to Denmark, with a combined 75% share of total imports. China, Italy, Turkey and Austria lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Austria, with a CAGR of +14,400.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, picking up by 20% against the previous year. In general, the import price posted resilient growth. The growth pace was the most rapid in 2017 when the average import price increased by 78%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+57.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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