Denmark: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Denmark

The Danish non-electric industrial furnace market rose modestly to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a prominent expansion. Non-electric industrial furnace consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Denmark

In value terms, non-electric industrial furnace production fell notably to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Non-Electric Industrial Furnace Exports

Exports from Denmark

Non-electric industrial furnace exports from Denmark shrank notably to X units in 2022, waning by X% on the previous year. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X units), the Netherlands (X units) and Turkey (X units) were the main destinations of non-electric industrial furnace exports from Denmark, with a combined X% share of total exports.

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

In value terms, Finland ($X), the Netherlands ($X) and Sweden ($X) constituted the largest markets for non-electric industrial furnace exported from Denmark worldwide, together accounting for X% of total exports. Turkey, South Korea, Canada, Germany, the United States, Mali, Norway, Faroe Islands, Greenland and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of 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 2022, the average non-electric industrial furnace export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Belgium ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Denmark

In 2022, imports of non-electric industrial or laboratory furnaces and ovens into Denmark declined notably to X units, shrinking by X% on the previous year's figure. In general, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports dropped significantly to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Poland (X units) and Italy (X units) were the main suppliers of non-electric industrial furnace imports to Denmark, with a combined X% share of total imports. China, Norway, Romania, Bulgaria, France, the Czech Republic, Brazil, the United States, Finland and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), China ($X) and Romania ($X) appeared to be the largest non-electric industrial furnace suppliers to Denmark, with a combined X% share of total imports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 non-electric industrial furnace import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Bulgaria ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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