Denmark: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Denmark

The Danish market for parts of apparatus of hs fell modestly to $X in 2021, declining by -1.8% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.1% against 2019 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Parts Of Apparatus Of Hs in Denmark

In value terms, parts of apparatus of hs production surged to $X in 2021 estimated in export price. Overall, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 324% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the near future.

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Exports of Parts Of Apparatus Of Hs

Exports from Denmark

In 2021, approx. X units of parts of apparatus of hs were exported from Denmark; with an increase of 4.7% compared with the previous year. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), Germany (X units) and China (X units) were the main destinations of parts of apparatus of hs exports from Denmark, with a combined 53% share of total exports. These countries were followed by the Netherlands, Norway, the UK, Russia, Poland, France, the United States, Spain and Italy, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of apparatus of hs exported from Denmark were Germany ($X), Sweden ($X) and the Netherlands ($X), together accounting for 41% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +17.3%, 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

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, increasing by 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2020 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Russia ($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 Italy (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Denmark

In 2021, purchases abroad of parts of apparatus of hs increased by 3.4% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 14% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs imports rose notably to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to Denmark, with a 55% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+10.0% per year) and the Netherlands (-5.2% per year).

In value terms, the largest parts of apparatus of hs suppliers to Denmark were China ($X), Sweden ($X) and Germany ($X), with a combined 72% share of total imports.

Sweden, with a CAGR of +19.4%, recorded 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 2021, the average import price for parts of apparatus of hs amounted to $X per unit, increasing by 6.8% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs import price increased by +40.6% against 2016 indices. The growth pace was the most rapid in 2020 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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