Denmark: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Denmark

In 2021, the Danish market for electric generating sets and rotary converters decreased by X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a drastic downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Electric Generating Sets And Rotary Converters in Denmark

In value terms, production of electric generating sets and rotary converters soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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Exports of Electric Generating Sets And Rotary Converters

Exports from Denmark

In 2021, shipments abroad of electric generating sets and rotary converters increased by X% to X units, rising for the fourth consecutive year after five years of decline. Over the period under review, exports, however, showed a perceptible reduction. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of electric generating sets and rotary converters dropped notably to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units) was the main destination for exports of electric generating sets and rotary converters from Denmark, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Greece exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, the UK ($X), the Netherlands ($X) and Norway ($X) appeared to be the largest markets for electric generating set and rotary converter exported from Denmark worldwide, with a combined X% share of total exports. Greece, Germany, Taiwan (Chinese), Bosnia and Herzegovina, Morocco, Finland, France and Sweden lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Taiwan (Chinese), 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

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Denmark

In 2021, overseas purchases of electric generating sets and rotary converters decreased by X% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters fell markedly to $X in 2021. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2020, Greece (X units) constituted the largest electric generating set and rotary converter supplier to Denmark, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from Greece exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Greece stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Denmark were Germany ($X), Spain ($X) and Estonia ($X), together comprising X% of total imports.

Among the main suppliers, Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price for electric generating sets and rotary converters amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, posted significant growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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