Denmark: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Denmark

In 2022, the Danish tobacco making machinery market decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption saw a noticeable setback. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Tobacco Making Machinery Production in Denmark

In value terms, tobacco making machinery production dropped notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by X,300%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Tobacco Making Machinery Exports

Exports from Denmark

Tobacco making machinery exports from Denmark shrank dramatically to X units in 2022, declining by X% against the previous year's figure. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tobacco making machinery exports dropped markedly to $X in 2022. Over the period under review, exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Indonesia (X units) and Sweden (X units) were the main destinations of tobacco making machinery exports from Denmark, together comprising X% of total exports. The UK, Bulgaria, Germany, Hungary, Faroe Islands, Greece, Ireland, Belgium, Cyprus and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tobacco making machinery exported from Denmark were China ($X), Indonesia ($X) and Sweden ($X), with a combined X% share of total exports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tobacco making machinery export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Faroe Islands ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Making Machinery Imports

Imports into Denmark

In 2022, tobacco making machinery imports into Denmark surged to X units, jumping by X% compared with 2021 figures. In general, imports, however, showed a abrupt slump. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports surged to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and Poland (X units) were the main suppliers of tobacco making machinery imports to Denmark, together accounting for X% of total imports. Lithuania, the Netherlands, the UK, the United States, Hungary and Luxembourg lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Poland ($X) constituted the largest tobacco making machinery suppliers to Denmark, together accounting for X% of total imports. Lithuania, the United States, the Netherlands, the UK, Luxembourg and Hungary lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw 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 tobacco making machinery import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then shrank dramatically in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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