Denmark: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Denmark

In 2023, the Danish conveyor or transmission belt market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Conveyor or transmission belt consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Denmark

In value terms, conveyor or transmission belt production contracted to $X in 2023 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Conveyor or transmission belt production peaked at $X in 2022, and then fell in the following year.

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Exports of Conveyor Or Transmission Belts Or Belting

Exports from Denmark

In 2023, shipments abroad of conveyor or transmission belts or belting increased by X% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2023. Over the period under review, total exports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for conveyor or transmission belt exports from Denmark, with a X% share of total exports. Moreover, conveyor or transmission belt exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Sweden (X% per year).

In value terms, Germany ($X), Sweden ($X) and Norway ($X) were the largest markets for conveyor or transmission belt exported from Denmark worldwide, with a combined X% share of total exports. The Netherlands, Lithuania, the UK, Spain, France, Belgium, Italy, Poland, Latvia and Iceland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of 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

The average conveyor or transmission belt export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Denmark

In 2023, after three years of growth, there was significant decline in purchases abroad of conveyor or transmission belts or belting, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2022, and then declined remarkably in the following year.

In value terms, conveyor or transmission belt imports rose slightly to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of conveyor or transmission belt to Denmark, with a X% share of total imports. Moreover, conveyor or transmission belt imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of conveyor or transmission belts or belting to Denmark, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Sweden, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2023, the average conveyor or transmission belt import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform