Denmark: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Denmark

After two years of decline, the Danish brakes and servo-brakes market increased by X% to $X in 2022. Over the period under review, consumption continues to indicate a moderate increase. Brakes and servo-brakes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Brakes And Servo-Brakes Production in Denmark

In value terms, brakes and servo-brakes production rose remarkably to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Brakes and servo-brakes production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Brakes And Servo-Brakes Exports

Exports from Denmark

In 2022, the amount of brakes and servo-brakes exported from Denmark contracted to X tons, which is down by X% on 2021 figures. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, brakes and servo-brakes exports fell to $X in 2022. In general, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Romania (X tons) were the main destinations of brakes and servo-brakes exports from Denmark, with a combined X% share of total exports. Poland, Sweden, the UK, Spain, Norway, the Czech Republic and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Italy ($X) and Romania ($X) were the largest markets for brakes and servo-brakes exported from Denmark worldwide, together accounting for X% of total exports. Sweden, Poland, the UK, Norway, the Czech Republic, Spain and France lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Denmark

In 2022, purchases abroad of brakes and servo-brakes increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, brakes and servo-brakes imports declined to $X in 2022. Overall, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest brakes and servo-brakes supplier to Denmark, with a X% share of total imports. Moreover, brakes and servo-brakes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

In value terms, the largest brakes and servo-brakes suppliers to Denmark were China ($X), Germany ($X) and India ($X), with a combined X% share of total imports. Poland, Italy, Sweden, Belgium, France and Slovakia lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average brakes and servo-brakes import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform