Seals; Mechanical Price in Denmark - 2023

Seals; Mechanical Price in Denmark (FOB) - 2022

The average seals; mechanical export price stood at $10 per unit in 2022, reducing by -4.3% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47%. The export price peaked at $12 per unit in 2017; however, from 2018 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 Japan ($15 per unit), while the average price for exports to Brazil ($3.5 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 Norway (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in Denmark (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $3 per unit, shrinking by -39.7% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 33%. The import price peaked at $6.2 per unit in 2014; however, from 2015 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 Sweden ($9.1 per unit), while the price for Taiwan (Chinese) ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in Denmark

Seals; mechanical exports from Denmark amounted to 1.2M units in 2022, rising by 3.4% against the previous year. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at 1.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, seals; mechanical exports dropped slightly to $13M in 2022. In general, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports hit record highs at $18M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Seals; Mechanical in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8,199	3,118	3,519	2,536	-32.4%
United States	1,512	705	1,312	1,409	-2.3%
South Korea	166	638	663	1,056	85.3%
Singapore	1,984	491	641	861	-24.3%
Japan	214	88.2	260	662	45.7%
United Kingdom	215	245	554	584	39.5%
Germany	612	549	706	548	-3.6%
Sweden	317	424	412	388	7.0%
Taiwan (Chinese)	608	159	356	346	-17.1%
Poland	66.2	101	100	344	73.2%
Norway	311	178	222	327	1.7%
Brazil	72.1	89.0	189	166	32.0%
India	49.2	104	295	159	47.8%
Others	3,557	3,120	3,737	3,456	-1.0%
Total	17,883	10,010	12,967	12,841	-10.5%

Top Export Markets for Seals; Mechanical from Denmark in 2022:

China (218.7K units)
United States (176.2K units)
Singapore (153.2K units)
South Korea (80.4K units)
Germany (63.7K units)
United Kingdom (50.2K units)
Poland (48.0K units)
Brazil (47.6K units)
Japan (45.5K units)
Sweden (37.2K units)
Taiwan (Chinese) (25.6K units)
Norway (23.2K units)
India (22.4K units)

Seals; Mechanical Imports in Denmark

For the fourth year in a row, Denmark recorded growth in overseas purchases of seals; mechanicals, which increased by 134% to 5.3M units in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports soared to $16M in 2022. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Seals; Mechanical in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2,846	2,312	2,570	5,430	24.0%
Sweden	1,378	1,140	2,292	1,586	4.8%
United Kingdom	1,067	793	1,238	1,082	0.5%
China	314	471	960	1,078	50.9%
United States	651	673	710	928	12.5%
France	406	398	431	868	28.8%
Norway	140	106	117	835	81.4%
Ireland	833	484	1,469	745	-3.7%
Italy	330	209	255	604	22.3%
Belgium	138	116	35.6	445	47.7%
Netherlands	421	487	433	385	-2.9%
Finland	49.8	34.7	77.7	328	87.4%
Spain	43.2	11.7	3.4	216	71.0%
Others	774	925	537	1,183	15.2%
Total	9,389	8,161	11,129	15,714	18.7%