Denmark: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Denmark

The Danish grinding and sharpening machine market shrank sharply to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a measured increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Denmark

In value terms, grinding and sharpening machine production fell modestly to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Denmark

In 2022, approx. X units of grinding and sharpening metal finishing machines were exported from Denmark; with an increase of X% compared with the year before. Over the period under review, exports saw a measured expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, grinding and sharpening machine exports rose notably to $X in 2022. In general, exports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Germany (X units) and the United States (X units) were the main destinations of grinding and sharpening machine exports from Denmark, together accounting for X% of total exports. The Netherlands, Norway, France, Belgium, China, the UK, Finland, Greenland, Japan and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greenland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest markets for grinding and sharpening machine exported from Denmark worldwide, with a combined X% share of total exports. Germany, Sweden, the UK, Norway, the Netherlands, France, Finland, Poland, Belgium and Greenland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Greenland, with a CAGR of X%, saw 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

The average grinding and sharpening machine export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Belgium ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Denmark

In 2022, supplies from abroad of grinding and sharpening metal finishing machines decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding and sharpening machine imports reduced rapidly to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of grinding and sharpening machine imports to Denmark, together comprising X% of total imports. Poland, France, Italy, the Netherlands and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest grinding and sharpening machine suppliers to Denmark were Poland ($X), Sweden ($X) and China ($X), with a combined X% share of total imports. Germany, the Netherlands, Italy, France and Bulgaria lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded 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 grinding and sharpening machine import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price posted temperate growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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