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Latest Report Update: Mar 14, 2023

Denmark - Machine Tools for Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Denmark

In 2021, after seven years of growth, there was significant decline in the Danish machine tool for metal market, when its value decreased by -10.2% to $X. In general, consumption, however, showed a significant increase. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Denmark

In value terms, machine tool for metal production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 91% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Denmark

In 2021, exports of machine tools for working metal without removing metal from Denmark skyrocketed to X units, jumping by 226% on 2020. Over the period under review, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal exports surged to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 279%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X units) was the main destination for machine tool for metal exports from Denmark, with a 51% share of total exports. Moreover, machine tool for metal exports to Finland exceeded the volume sent to the second major destination, Italy (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.7% per year) and Germany (+47.0% per year).

In value terms, Italy ($X), Germany ($X) and Lithuania ($X) were the largest markets for machine tool for metal exported from Denmark worldwide, together comprising 59% of total exports. Romania, Poland, Honduras, Finland, Sweden, the UK and Canada lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Finland, with a CAGR of +162.6%, 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 machine tool for metal export price amounted to $X per unit, waning by -41% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 203% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Honduras ($X per unit), while the average price for exports to Canada ($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 Honduras (+115.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Denmark

In 2021, imports of machine tools for working metal without removing metal into Denmark soared to X units, jumping by 135% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 222% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, machine tool for metal imports surged to $X in 2021. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 492% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of machine tool for metal to Denmark, with a 46% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+79.9% per year) and Italy (+72.7% per year).

In value terms, the largest machine tool for metal suppliers to Denmark were Germany ($X), Italy ($X) and Switzerland ($X), together accounting for 82% of total imports.

Italy, with a CAGR of +52.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, declining by -44% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 84%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for machine tools for working metal without removing metal in the world?

The countries with the highest volumes of consumption in 2021 were Taiwan Chinese), the United States and Germany, together comprising 31% of global consumption. These countries were followed by Nigeria, Italy, Singapore, Japan, the UK, Peru, Sweden, Denmark, India and the United Arab Emirates, which together accounted for a further 38%.

What are the largest producers of machine tools for working metal without removing metal in the world?

The countries with the highest volumes of production in 2021 were the United States, Taiwan Chinese) and Germany, with a combined 48% share of global production. Italy, Japan, Belgium, Singapore, Sweden, Denmark, India, China, South Korea and Austria lagged somewhat behind, together accounting for a further 41%.

What are the leading suppliers of machine tools for working metal without removing metal to Denmark?

In value terms, the largest machine tool for metal suppliers to Denmark were Germany, Italy and Switzerland, together accounting for 82% of total imports.

What are the leading importers of machine tools for working metal without removing metal from Denmark?

In value terms, Italy, Germany and Lithuania constituted the largest markets for machine tool for metal exported from Denmark worldwide, together comprising 59% of total exports. Romania, Poland, Honduras, Finland, Sweden, the UK and Canada lagged somewhat behind, together accounting for a further 26%.

What is the average export price for machine tools for working metal without removing metal in Denmark?

In 2021, the average machine tool for metal export price amounted to $1,051 per unit, reducing by -41% against the previous year.

What is the average import price for machine tools for working metal without removing metal in Denmark?

The average machine tool for metal import price stood at $929 per unit in 2021, dropping by -44% against the previous year.

This report provides an in-depth analysis of the market for machine tool for metal in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal

Country coverage:

• Denmark

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Denmark

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance