Denmark: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Denmark

In 2021, the Danish market for machine-tools for working stone, ceramics, and concrete decreased by -15.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a pronounced slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Denmark

In value terms, machine tools for working stone production rose markedly to $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Denmark

In 2021, exports of machine-tools for working stone, ceramics, and concrete from Denmark dropped sharply to X units, shrinking by -37.1% compared with the year before. In general, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 88%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports shrank dramatically to $X in 2021. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 266% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for machine tools for working stone exports from Denmark, with a 34% share of total exports. Moreover, machine tools for working stone exports to Norway exceeded the volume sent to the second major destination, Greenland (X units), threefold. The third position in this ranking was taken by Sweden (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+1.0% per year) and Sweden (-13.6% per year).

In value terms, Norway ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Denmark, comprising 35% of total exports. The second position in the ranking was taken by Greenland ($X), with a 9.8% share of total exports. It was followed by Iceland, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-3.6% per year) and Iceland (+52.1% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, jumping by 18% against the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 290% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to North Macedonia ($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 Colombia (+487.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Denmark

Machine tools for working stone imports into Denmark reduced notably to X units in 2021, which is down by -40.7% against the previous year. In general, imports, however, posted moderate growth. The pace of growth appeared the most rapid in 2017 when imports increased by 156% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports contracted notably to $X in 2021. Overall, imports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2017 with an increase of 89%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Sweden (X units) were the main suppliers of machine tools for working stone imports to Denmark, with a combined 77% share of total imports. Italy, Norway, the Netherlands, Slovakia and Israel lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +49.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Denmark, comprising 46% of total imports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-5.8% per year) and Italy (+47.2% per year).

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 45%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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