Denmark: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Denmark

The Danish machine-tool for working metal market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Denmark

In value terms, machine-tool for working metal production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Machine-tool for working metal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from Denmark

In 2022, overseas shipments of machine tools for working metal were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for machine-tool for working metal exports from Denmark, accounting for a X% share of total exports. Moreover, machine-tool for working metal exports to Italy exceeded the volume sent to the second major destination, Germany (X units), sixfold. Sweden (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for machine tools for working metal exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average machine-tool for working metal export price amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

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

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

Imports of Machine Tools For Working Metal

Imports into Denmark

Machine-tool for working metal imports into Denmark contracted markedly to X units in 2022, waning by X% against 2021. In general, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for working metal imports shrank sharply to $X in 2022. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for working metal supplier to Denmark, with a X% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

In value terms, the largest machine-tool for working metal suppliers to Denmark were France ($X), Germany ($X) and China ($X), together accounting for X% of total imports. Switzerland, Belgium, Spain, the United States, Finland, Austria, Sweden, Vietnam, Poland and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, 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 2022, the average machine-tool for working metal import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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