Denmark: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Denmark

The Danish market for pneumatic or hydraulic hand tools amounted to $X in 2021, picking up by 4.5% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Denmark

In value terms, pneumatic or hydraulic hand tool production surged to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 47%. Pneumatic or hydraulic hand tool production peaked in 2021 and is expected to retain growth in years to come.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Denmark

In 2021, the amount of pneumatic or hydraulic hand tools exported from Denmark contracted to X tons, which is down by -7.4% against the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 27% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons), Norway (X tons) and the UK (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Denmark, together accounting for 39% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +15.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Norway ($X) and Sweden ($X) were the largest markets for pneumatic or hydraulic hand tool exported from Denmark worldwide, with a combined 36% share of total exports. Germany, Finland, China, the Netherlands, Greenland, France, Poland, Italy, Faroe Islands and Estonia lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, China, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of exports, 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 export price for pneumatic or hydraulic hand tools amounted to $X per ton, jumping by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Estonia ($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 Estonia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Denmark

In 2021, imports of pneumatic or hydraulic hand tools into Denmark shrank to X tons, which is down by -9.7% compared with the year before. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 26%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Sweden (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Denmark, together accounting for 65% of total imports. These countries were followed by Italy, France, the Netherlands and Germany, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Denmark, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.3% per year) and Taiwan (Chinese) (+9.6% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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