Pumps; Parts Thereof Price in Denmark - 2023
Contents:
- Pumps; Parts Thereof Price in Denmark (FOB) - 2023
- Pumps; Parts Thereof Price in Denmark (CIF) - 2023
- Pumps; Parts Thereof Exports in Denmark
- Pumps; Parts Thereof Imports in Denmark
Pumps; Parts Thereof Price in Denmark (FOB) - 2023
The average pumps; parts thereof export price stood at $32,334 per ton in June 2023, rising by 2.3% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 14% m-o-m. The export price peaked in June 2023.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was South Korea ($71,586 per ton), while the average price for exports to France ($9,509 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Price in Denmark (CIF) - 2023
The average pumps; parts thereof import price stood at $30,360 per ton in June 2023, growing by 40% against the previous month. In general, import price indicated temperate growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, pumps; parts thereof import price increased by +84.4% against January 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($143K per ton), while the price for China ($13,027 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Exports in Denmark
In 2022, the amount of pumps; parts thereoves exported from Denmark expanded markedly to 18K tons, picking up by 5.2% compared with the previous year. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, pumps; parts thereof exports rose slightly to $529M in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Pumps; Parts Thereof in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 82.3 | 126 | 119 | 81.2 | -0.4% |
| United States | 40.3 | 47.8 | 58.0 | 60.4 | 14.4% |
| South Korea | 10.0 | 18.5 | 26.7 | 42.8 | 62.4% |
| France | 23.3 | 23.0 | 30.2 | 39.0 | 18.7% |
| Taiwan (Chinese) | 19.7 | 16.9 | 23.7 | 27.6 | 11.9% |
| Germany | 21.2 | 19.9 | 24.2 | 26.3 | 7.5% |
| Hungary | 20.4 | 18.8 | 22.4 | 26.2 | 8.7% |
| Serbia | 25.3 | 25.5 | 33.4 | 25.8 | 0.7% |
| Singapore | 24.9 | 21.8 | 21.9 | 24.9 | 0.0% |
| Sweden | 11.0 | 13.5 | 15.6 | 15.6 | 12.4% |
| Japan | 5.5 | 9.5 | 12.6 | 13.6 | 35.2% |
| Netherlands | 8.9 | 9.0 | 9.2 | 11.6 | 9.2% |
| United Kingdom | 9.1 | 8.4 | 12.7 | 11.5 | 8.1% |
| Others | 85.5 | 77.8 | 94.8 | 122 | 12.6% |
| Total | 387 | 436 | 505 | 529 | 11.0% |
Top Export Markets for Pumps; Parts Thereof from Denmark in 2022:
- France (3.1K tons)
- Hungary (2.5K tons)
- China (2.1K tons)
- United States (1.5K tons)
- Serbia (1.4K tons)
- South Korea (1.2K tons)
- Germany (1.1K tons)
- Singapore (0.6K tons)
- Sweden (0.5K tons)
- Netherlands (0.4K tons)
- Taiwan (Chinese) (0.4K tons)
- Japan (0.3K tons)
- United Kingdom (0.3K tons)
Pumps; Parts Thereof Imports in Denmark
In 2022, approx. 12K tons of pumps; parts thereoves were imported into Denmark; rising by 14% against the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof imports rose rapidly to $206M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pumps; Parts Thereof in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 50.2 | 45.5 | 50.2 | 45.1 | -3.5% |
| China | 36.3 | 26.6 | 22.6 | 37.8 | 1.4% |
| Sweden | 15.6 | 16.2 | 27.3 | 29.3 | 23.4% |
| Netherlands | 15.3 | 18.8 | 24.9 | 17.9 | 5.4% |
| Italy | 12.2 | 22.1 | 15.6 | 17.5 | 12.8% |
| Poland | 5.2 | 7.4 | 2.1 | 7.2 | 11.5% |
| France | 3.2 | 5.4 | 5.8 | 6.5 | 26.6% |
| Taiwan (Chinese) | 3.1 | 3.5 | 3.9 | 3.8 | 7.0% |
| Hungary | 2.0 | 3.5 | 2.6 | 3.8 | 23.9% |
| Others | 36.3 | 36.2 | 39.2 | 37.2 | 0.8% |
| Total | 179 | 185 | 194 | 206 | 4.8% |
Top Suppliers of Pumps; Parts Thereof to Denmark in 2022:
- China (3.0K tons)
- Germany (2.4K tons)
- Sweden (2.2K tons)
- Poland (1.2K tons)
- Netherlands (0.8K tons)
- France (0.6K tons)
- Italy (0.4K tons)
- Hungary (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
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