Denmark: Wheeled Loader Market 2024

Wheeled Loader Market Size in Denmark

In 2021, the Danish wheeled loader market decreased by -1.6% to $X, falling for the second consecutive year after eight years of growth. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wheeled Loader Production in Denmark

In value terms, wheeled loader production stood at $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.0% against 2015 indices. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. Wheeled loader production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Wheeled Loader Exports

Exports from Denmark

In 2021, wheeled loader exports from Denmark surged to X units, picking up by 38% on the previous year. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, wheeled loader exports soared to $X in 2021. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ghana (X units), Sweden (X units) and Germany (X units) were the main destinations of wheeled loader exports from Denmark, with a combined 67% share of total exports. Belgium, Poland, Norway and the Netherlands lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +483.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Norway ($X) were the largest markets for wheeled loader exported from Denmark worldwide, with a combined 71% share of total exports. These countries were followed by the Netherlands, Ghana, Poland and Belgium, which together accounted for a further 17%.

In terms of the main countries of destination, Belgium, with a CAGR of +302.1%, 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 wheeled loader export price stood at $X per unit in 2021, which is down by -4.4% against the previous year. Overall, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ghana ($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 Norway (+3.6%), while the prices for the other major destinations experienced a decline.

Wheeled Loader Imports

Imports into Denmark

In 2021, approx. X units of wheeled loaders, crawler shovel loaders, front-end loaders were imported into Denmark; with an increase of 13% against 2020. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.1% against 2013 indices. The growth pace was the most rapid in 2014 when imports increased by 19%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, wheeled loader imports surged to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.0% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of wheeled loader to Denmark, accounting for a 47% share of total imports. Moreover, wheeled loader imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.4% per year) and China (+14.1% per year).

In value terms, the largest wheeled loader suppliers to Denmark were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for 66% of total imports. These countries were followed by the UK, Norway, France and China, which together accounted for a further 27%.

Among the main suppliers, Norway, with a CAGR of +48.8%, 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 wheeled loader import price amounted to $X per unit, increasing by 11% against the previous year. In general, the import price, however, showed a mild decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $X per unit 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 Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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