Denmark: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Denmark

The Danish internal combustion engines market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption saw a noticeable decrease. Internal combustion engines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Internal Combustion Engines Production in Denmark

In value terms, internal combustion engines production totaled $X in 2022 estimated in export price. Over the period under review, the total production 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Internal Combustion Engines Exports

Exports from Denmark

In 2022, shipments abroad of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, internal combustion engines exports reduced remarkably to $X in 2022. Over the period under review, exports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for internal combustion engines exports from Denmark, with a X% share of total exports. It was followed by Norway (X units), with a X% share of total exports. Slovakia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average internal combustion engines export price amounted to $X per unit, falling by X% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted markedly in the following year.

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

Internal Combustion Engines Imports

Imports into Denmark

For the fourth year in a row, Denmark recorded decline in purchases abroad of motor vehicles compression-ignition internal combustion piston engines, which decreased by X% to X units in 2022. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports fell to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and the UK (X units) were the main suppliers of internal combustion engines imports to Denmark, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of motor vehicles compression-ignition internal combustion piston engines to Denmark, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average internal combustion engines import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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