Boring and broaching tools market in Denmark

Earlier Report Observations

The Danish market for boring and broaching tools experienced a pronounced contraction from 24 137 thousand USD in 2018 to 17 119 thousand USD in 2024. This overall decline of 29% was punctuated by a significant but short-lived recovery in 2021, when market volume jumped by 26% to 22 973 thousand USD.

Following the 2021 peak, the market resumed its downward trajectory, falling by 19% in 2022 to 18 641 thousand USD and then stabilizing in 2023 with negligible change at 18 631 thousand USD. A further contraction of 8% occurred in 2024, bringing the market to its lowest point in the period. Production levels closely followed this pattern, decreasing from 23 562 thousand USD to 15 992 thousand USD over the same span.

Production boring and broaching tools in Denmark

In value, 2018-2021, K $ US

After two consecutive years of decline, Denmark's production of boring and broaching tools rebounded in 2021. The output was valued at 22 017 thousand US dollars, marking a significant 26.4% increase compared to the previous year. Over the 2018-2021 period, production decreased by 6.6%, with a compound annual growth rate of -2.2%. The lowest value was recorded in 2020 at 17 423 thousand US dollars, while the largest decline occurred in 2019 at 17.9%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

The market demonstrated considerable volatility throughout the observed period. Production peaked in 2019 at 470.1 tonnes, then fell to its lowest point in 2021 at 36.6 tonnes, creating a 12.9-fold difference between these years. In 2021, Denmark produced 36.6 tonnes of boring and broaching tools, representing a 5.0% decrease from 2020. The most substantial decline occurred in 2020 at 91.8%, while the largest increase was recorded in 2019 at 25.3%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports boring and broaching tools from Denmark

Exports in kind, kg

Following two years of growth, Denmark's exports of boring and broaching tools declined in 2021. Exports totaled 3 721 kilograms, showing a sharp 32.0% decrease year-over-year. Over the 2018-2021 period, exports increased by 18%, with a compound annual growth rate of 5.7%. The highest export volume was recorded in 2020 at 5 471 kilograms, while the largest increase occurred in 2019 at 60.0%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, kg

From 2018 to 2021, Greenland, Norway, and China were the leading destinations for Denmark's boring and broaching tools exports in volume terms. Greenland accounted for 27.0% of exports, Norway for 12.5%, and China for 11.9%. Together, these three markets represented 51.4% of Denmark's total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

In 2021, Denmark's exports of boring and broaching tools reached 373 thousand US dollars, reflecting a substantial 61.2% increase compared to the previous year. Over the 2018-2021 period, exports grew by 62.2%, with a compound annual growth rate of 17.5%. The largest decline during this period occurred in 2020 at 11.2%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, Denmark's export structure in value terms was highly diversified. China accounted for 12.0% of export value, Singapore for 10.9%, and Greenland for 9.5%. Together, these three markets represented just 32.5% of total export value, while the remaining 67.5% was distributed among numerous smaller trading partners.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports boring and broaching tools to Denmark

Imports in kind, kg

Import volumes showed irregular patterns, indicating a volatile market environment. The lowest import volume was recorded in 2020 at 10 973 kilograms, while imports peaked in 2021 at 22 643 kilograms, representing a 2.1-fold increase between these years. In 2021, Denmark imported 22 643 kilograms of boring and broaching tools, marking a 106.3% increase compared to the previous year. The largest decline occurred in 2020 at 24.1%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, kg

From 2018 to 2021, Germany, China, and the Netherlands were the primary suppliers of boring and broaching tools to Denmark in volume terms. Germany accounted for 45.0% of imports, China for 10.0%, and the Netherlands for 9.3%. Collectively, these three countries supplied 64.3% of Denmark's total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

In 2021, Denmark's imports of boring and broaching tools amounted to 1 328 thousand US dollars, showing a strong 26.6% increase compared to the previous year. Between 2018 and 2021, imports grew by 65%, equivalent to an annualized growth rate of 18.2%. The largest decline occurred in 2020 at 13.9%, while the largest increase was recorded in 2019 at 51.3%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

During the 2018-2021 period, three key markets—Germany, Sweden, and the Netherlands—together accounted for 52.5% of Denmark's total import value for boring and broaching tools.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021