Denmark: Cash Register Market Overview 2021

Cash Register Market Size in Denmark

The Danish cash register market declined dramatically to $X in 2020, waning by -X% against the previous year. In general, consumption showed a deep slump. The growth pace was the most rapid in 2019 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Cash Register Production in Denmark

In value terms, cash register production rose to $X in 2020 estimated in export prices. Over the period under review, production faced a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Cash register production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Cash Register Exports

Exports from Denmark

Cash register exports from Denmark surged to X units in 2020, picking up by X% on 2019. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in years to come.

In value terms, cash register exports stood at $X in 2020. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Finland (X units) was the main destination for cash register exports from Denmark, with a X% share of total exports. Moreover, cash register exports to Finland exceeded the volume sent to the second major destination, Norway (X units), threefold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Finland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Poland (+X% per year).

In value terms, the largest markets for cash register exported from Denmark were Norway ($X), Sweden ($X) and Finland ($X), together accounting for X% of total exports. These countries were followed by the UK, Poland, Spain and Serbia, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cash register export price stood at $X per unit in 2020, declining by -X% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019, and then dropped significantly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Cash Register Imports

Imports into Denmark

In 2020, the amount of cash registers imported into Denmark stood at X units, therefore, remained relatively stable against the year before. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, cash register imports contracted markedly to $X in 2020. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2019, and then shrank sharply in the following year.

Imports by Country

The UK (X units), Hungary (X units) and the Netherlands (X units) were the main suppliers of cash register imports to Denmark, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cash register suppliers to Denmark were the UK ($X), Hungary ($X) and the Netherlands ($X), together comprising X% of total imports.

Among the main suppliers, the UK (+X% per year) recorded 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 2020, the average cash register import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per unit in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per unit), while the price for the U.S. ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cash registers in the world?

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The country with the largest volume of cash register consumption was China (8M units), comprising approx. 19% of total volume. Moreover, cash register consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.7M units), twofold. The third position in this ranking was occupied by India (3.1M units), with a 7.4% share.

What are the largest producers of cash registers in the world?

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China (27M units) remains the largest cash register producing country worldwide, comprising approx. 53% of total volume. Moreover, cash register production in China exceeded the figures recorded by the second-largest producer, Viet Nam (4.1M units), sevenfold. The third position in this ranking was occupied by Malaysia (2.5M units), with a 5% share.

What are the leading suppliers of cash registers to Denmark?

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In value terms, the largest cash register suppliers to Denmark were the UK ($6.3M), Hungary ($3.7M) and the Netherlands ($2.1M), together comprising 78% of total imports.

What are the leading importers of cash registers from Denmark?

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In value terms, Norway ($6.3M), Sweden ($4.3M) and Finland ($3.2M) were the largest markets for cash register exported from Denmark worldwide, together accounting for 83% of total exports. These countries were followed by the UK, Poland, Spain and Serbia, which together accounted for a further 11%.

What is the average export price for cash registers in Denmark?

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The average cash register export price stood at $440 per unit in 2020, falling by -45.5% against the previous year.

What is the average import price for cash registers in Denmark?

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The average cash register import price stood at $182 per unit in 2020, with a decrease of -43.1% against the previous year.