Denmark: Threshing Machinery Market 2024

Threshing Machinery Market Size in Denmark

The Danish threshing machinery market stood at $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.8% against 2017 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Denmark

In value terms, threshing machinery production rose to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +22.3% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 96%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Threshing Machinery Exports

Exports from Denmark

In 2022, the amount of threshing machinery except combine harvester-threshers exported from Denmark fell to X units, declining by -9% against the previous year's figure. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 1,167% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, threshing machinery exports shrank sharply to $X in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 136% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Pakistan (X units) and Poland (X units) were the main destinations of threshing machinery exports from Denmark, together comprising 62% of total exports. These countries were followed by Spain, the UK, the Netherlands, Germany, Norway and Lithuania, which together accounted for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for threshing machinery exported from Denmark were China ($X), Spain ($X) and Norway ($X), together accounting for 67% of total exports.

Spain, with a CAGR of +145.3%, 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

The average threshing machinery export price stood at $X per unit in 2022, with a decrease of -16.4% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 243%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+67.1%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Denmark

In 2022, approx. X units of threshing machinery except combine harvester-threshers were imported into Denmark; dropping by -26.2% against 2021. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 272% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports shrank sharply to $X in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 438%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X units) constituted the largest supplier of threshing machinery to Denmark, accounting for a 82% share of total imports. Moreover, threshing machinery imports from France exceeded the figures recorded by the second-largest supplier, Spain (X units), tenfold. Turkey (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Turkey (0.0% per year).

In value terms, France ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Denmark, comprising 88% of total imports. The second position in the ranking was held by the UK ($X), with a 6.5% share of total imports. It was followed by Spain, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from France totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-18.5% per year) and Spain (0.0% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, shrinking by -25% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 45%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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