Denmark: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Denmark

In 2023, the Danish machine-tool for working wood market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Production of Machine-Tools For Working Wood in Denmark

In value terms, machine-tool for working wood production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Exports of Machine-Tools For Working Wood

Exports from Denmark

Machine-tool for working wood exports from Denmark contracted markedly to X units in 2023, with a decrease of X% against 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, machine-tool for working wood exports skyrocketed to $X in 2023. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units) was the main destination for machine-tool for working wood exports from Denmark, with a X% share of total exports. Moreover, machine-tool for working wood exports to Germany exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was held by Sweden (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Poland (X% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Denmark

In 2023, overseas purchases of machine-tools for working wood decreased by X% to X units, falling for the third year in a row after seven years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, machine-tool for working wood imports rose notably to $X in 2023. Overall, total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X units) constituted the largest supplier of machine-tool for working wood to Denmark, with a X% share of total imports. Moreover, machine-tool for working wood imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working wood to Denmark, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2023, the average machine-tool for working wood import price amounted to $X per unit, picking up by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, machine-tool for working wood import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform