Denmark: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Denmark

In 2022, the Danish agricultural appliance market increased by X% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption recorded a pronounced shrinkage. Agricultural appliance consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Agricultural Appliance Production in Denmark

In value terms, agricultural appliance production declined to $X in 2022 estimated in export price. Overall, production showed a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021, and then dropped in the following year.

Agricultural Appliance Exports

Exports from Denmark

Agricultural appliance exports from Denmark totaled X units in 2022, picking up by X% against the previous year. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, agricultural appliance exports rose notably to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for agricultural appliance exports from Denmark, with a X% share of total exports. Moreover, agricultural appliance exports to Germany exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by Sweden (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Sweden (X% per year).

In value terms, Germany ($X) remains the key foreign market for agricultural appliances exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average agricultural appliance export price amounted to $X per unit, standing approx. at the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Nigeria ($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 Austria (X%), while the prices for the other major destinations experienced a decline.

Agricultural Appliance Imports

Imports into Denmark

In 2022, approx. X units of agricultural appliances were imported into Denmark; waning by X% on the previous year's figure. Overall, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then fell rapidly in the following year.

In value terms, agricultural appliance imports contracted sharply to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of agricultural appliance imports to Denmark, with a combined X% share of total imports. Italy, the Netherlands, Austria, Romania, France, the United States and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest agricultural appliance suppliers to Denmark were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total imports. Austria, Sweden, Romania, the Netherlands, France, the United States and Lithuania lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural appliance import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt setback. The import price peaked at $X per unit in 2013; however, from 2014 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 Austria ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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