Denmark: Vacuum Pump Market 2024

Vacuum Pump Market Size in Denmark

For the fourth year in a row, the Danish vacuum pump market recorded decline in sales value, which decreased by -45.6% to $X in 2022. In general, consumption saw a deep contraction. Vacuum pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Production in Denmark

In value terms, vacuum pump production dropped to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +16.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Vacuum Pump Exports

Exports from Denmark

In 2022, the amount of vacuum pumps exported from Denmark surged to X units, with an increase of 279% compared with 2021 figures. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump exports declined dramatically to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Norway (X units) was the main destination for vacuum pump exports from Denmark, with a 6.3% share of total exports. Moreover, vacuum pump exports to Norway exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.3% per year) and Germany (-0.9% per year).

In value terms, the largest markets for vacuum pump exported from Denmark were Norway ($X), the Netherlands ($X) and Germany ($X), together comprising 35% of total exports. The United States, Turkey, Faroe Islands, the UK, China, France, Belgium, Sweden, the United Arab Emirates and Taiwan (Chinese) lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +63.7%, recorded the highest growth rate of 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

The average vacuum pump export price stood at $X per unit in 2022, shrinking by -79.4% against the previous year. Over the period under review, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 76% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 the Netherlands ($X per unit), while the average price for exports to Norway ($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 Sweden (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Denmark

For the third consecutive year, Denmark recorded growth in purchases abroad of vacuum pumps, which increased by 74% to X units in 2022. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 88% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, vacuum pump imports declined to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and South Korea (X units) were the main suppliers of vacuum pump imports to Denmark, with a combined 17% share of total imports. Sweden, the Netherlands, the Czech Republic, the UK, Norway, Belgium, Taiwan (Chinese), France and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +31.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Denmark, comprising 38% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total imports. It was followed by Norway, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-4.9% per year) and Norway (+2.1% per year).

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, with a decrease of -44.8% against the previous year. In general, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for South Korea ($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 Czech Republic (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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