Denmark: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Denmark

The Danish market for grinding, sanding and polishing machines soared to $X in 2021, jumping by 76% against the previous year. In general, consumption continues to indicate buoyant growth. Grinding, sanding and polishing machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Grinding, Sanding and Polishing Machines in Denmark

In value terms, grinding, sanding and polishing machine production rose to $X in 2021 estimated in export price. Overall, production, however, saw a mild reduction. The most prominent rate of growth was recorded in 2014 with an increase of 968%. Grinding, sanding and polishing machine production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Denmark

In 2021, exports of grinding, sanding and polishing machines from Denmark soared to X units, growing by 71% on the previous year's figure. Overall, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units), Poland (X units) and Germany (X units) were the main destinations of grinding, sanding and polishing machine exports from Denmark, with a combined 54% share of total exports. China, Portugal, Taiwan (Chinese), Brazil, Norway, the United States, Sweden, Italy, Canada and Australia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +63.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Brazil ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Denmark worldwide, with a combined 55% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +63.8%, 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 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, falling by -19.8% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 104%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Denmark

In 2021, the amount of grinding, sanding and polishing machines imported into Denmark skyrocketed to X units, picking up by 160% compared with the previous year. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 510% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 170% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest grinding, sanding and polishing machine supplier to Denmark, accounting for a 76% share of total imports. Moreover, grinding, sanding and polishing machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was held by Belgium (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+59.3% per year) and Belgium (+185.8% per year).

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machine to Denmark, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 4.7% share of total imports. It was followed by Italy, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+60.2% per year) and Italy (-15.9% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, which is down by -11.3% against the previous year. In general, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 when the average import price increased by 81%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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