Denmark: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Denmark

The Danish market for grinding, sanding and polishing machines fell notably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Grinding, Sanding and Polishing Machines in Denmark

In value terms, grinding, sanding and polishing machine production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a mild setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Grinding, sanding and polishing machine production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Grinding, Sanding and Polishing Machines

Exports from Denmark

For the third consecutive year, Denmark recorded growth in overseas shipments of grinding, sanding and polishing machines, which increased by X% to X units in 2022. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports dropped sharply to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for grinding, sanding and polishing machine exports from Denmark, with a X% share of total exports. Moreover, grinding, sanding and polishing machine exports to Sweden exceeded the volume sent to the second major destination, Poland (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a X% share.

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

In value terms, the United States ($X), Sweden ($X) and Poland ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Denmark worldwide, with a combined X% share of total exports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat 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 the United States ($X per unit), while the average price for exports to Sweden ($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 France (X%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into Denmark

In 2022, approx. X units of grinding, sanding and polishing machines were imported into Denmark; waning by X% on the previous year. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, grinding, sanding and polishing machine imports shrank to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Germany (X units), China (X units) and Sweden (X units) were the main suppliers of grinding, sanding and polishing machine imports to Denmark, with a combined X% share of total imports. France, the Netherlands, Austria and Taiwan (Chinese) lagged somewhat behind, together comprising 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, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to Denmark, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Taiwan (Chinese) ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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