Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark (FOB) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark (CIF) - 2022
3. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark
4. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark (FOB) - 2022

The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $42,120 per ton in 2022, surging by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($60,854 per ton), while the average price for exports to Italy ($21,727 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark (CIF) - 2022

In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $23,888 per ton, falling by -20.5% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines and mechanical appliances; parts, of those having individual functionses increased by +47.8% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 31%. As a result, import price reached the peak level of $30,051 per ton, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($96,822 per ton), while the price for Slovakia ($4,569 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark

In 2022, overseas shipments of machines and mechanical appliances; parts, of those having individual functionses decreased by -0.6% to 5.4K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports reached the peak of 5.4K tons, leveling off in the following year.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses totaled $228M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Denmark in 2022:

1. United States (1092.2 tons)
2. United Kingdom (582.3 tons)
3. Norway (459.1 tons)
4. Germany (375.5 tons)
5. Sweden (341.4 tons)
6. India (236.4 tons)
7. Italy (196.3 tons)
8. Australia (194.0 tons)
9. Japan (162.1 tons)
10. South Korea (156.6 tons)
11. Switzerland (117.5 tons)
12. Poland (115.4 tons)
13. France (114.3 tons)

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Denmark

In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Denmark surged to 6.5K tons, jumping by 29% on 2021 figures. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, 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.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses rose to $155M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Denmark in 2022:

1. China (1797.8 tons)
2. Germany (908.6 tons)
3. Poland (772.4 tons)
4. Estonia (468.4 tons)
5. France (336.2 tons)
6. Slovakia (307.7 tons)
7. Netherlands (288.0 tons)
8. Italy (234.0 tons)
9. United States (228.8 tons)
10. United Kingdom (205.0 tons)
11. Norway (160.3 tons)
12. Czech Republic (127.2 tons)
13. Sweden (117.6 tons)

Source: IndexBox Market Intelligence Platform