Gas, liquid and electricity meters market in Denmark

Earlier Report Observations

The market for gas, liquid and electricity meters in Denmark showed considerable volatility from 2018 to 2024. Starting at 217.5 million dollars in 2018, it grew to 236.6 million dollars the following year, marking a peak for the period. This was followed by a gradual decline over the next two years, with the market size falling to 228.0 million dollars in 2020 and further to 211.3 million dollars in 2021.

A sharp contraction occurred in 2022, when the market volume dropped to 147.9 million dollars. This was the lowest point observed in the years prior to 2024. A partial recovery took place in 2023, with the market expanding to 190.4 million dollars. However, this rebound was short-lived, as the market size fell again significantly to 113.7 million dollars in 2024.

Overall, the period was characterized by two major downturns, in 2022 and 2024, which offset the growth seen earlier. The market ended the observed timeframe at nearly half the value of its 2019 peak, indicating a period of substantial adjustment for the sector.

Production gas, liquid and electricity meters in Denmark

In value, 2018-2021, M $ US

Denmark's production of gas, liquid, and electricity meters declined for the second consecutive year. In 2021, output was valued at 205.1 million US dollars, marking a significant drop of 14.9% compared to 2020. Over the period from 2018 to 2021, production decreased by 11.1%, which translates to an annualized rate of 3.9%. The highest production value was recorded in 2019 at 241.1 million US dollars, with the largest increase of 4.5% also occurring that year.

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

Exports gas, liquid and electricity meters from Denmark

Exports in kind, t

Exports of gas, liquid, and electricity meters from Denmark fell for the second year in a row. In 2021, exports totaled 404 tonnes, reflecting a substantial year-on-year decline of 24.4%. From 2018 to 2021, exports decreased by 44.2%, with a compound annual growth rate of -17.7%. The peak export volume was in 2019 at 770 tonnes, where the largest increase of 6.4% was recorded. The most significant decline occurred in 2020, with a drop of 30.6%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

Between 2018 and 2021, Denmark's exports of gas, liquid, and electricity meters were distributed across a wide range of partner countries. Sweden accounted for 19.6% of exports in kind, Norway for 14.8%, and Slovakia for 11.5%. Together, these three countries represented just 45.9% of 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

Exports of gas, liquid, and electricity meters from Denmark declined for the third consecutive year. In 2021, exports amounted to 30 375 thousand US dollars, which is 19.2% lower than in 2020. From 2018 to 2021, exports decreased by 47.9%, equating to an annualized rate of 19.5%.

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

From 2018 to 2021, Denmark's exports of gas, liquid, and electricity meters in value terms had a broad portfolio of buyers. Sweden contributed 16.3% of exports in value, Norway 14.6%, and Switzerland 11.1%. Combined, these three countries accounted for only 41.9% of total export value, with many other countries holding smaller but notable shares.

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

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

Imports gas, liquid and electricity meters to Denmark

Imports in kind, t

In 2021, imports of gas, liquid, and electricity meters into Denmark reached 898 tonnes, showing a sharp improvement of 66.0% compared to 2020. Over the period from 2018 to 2021, imports increased by 2.7%, with a compound annual growth rate of 0.9%. The lowest import volume was in 2020 at 541 tonnes, while the highest was in 2019 at 1 406 tonnes. The largest decline occurred in 2020, with a drop of 61.5%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Between 2018 and 2021, Sweden, Germany, and Greece were the main sources for Denmark's imports of gas, liquid, and electricity meters in kind. Sweden accounted for 23.5% of imports, Germany for 21.7%, and Greece for 17.6%. Together, these three countries made up 62.8% of total import flows.

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

After a two-year decrease, imports of gas, liquid, and electricity meters into Denmark increased. In 2021, imports came to 36 649 thousand US dollars, marking a year-on-year improvement of 47.9%. From 2018 to 2021, imports decreased by 18.7%, which translates to an annualized rate of 6.7%. The lowest import value was recorded in 2020 at 24 780 thousand US dollars, with the largest decline of 29.7% also occurring that year.

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

In the period from 2018 to 2021, Denmark's imports of gas, liquid, and electricity meters in value terms were spread across many countries. Germany accounted for 19.6% of imports in value, Greece for 15.9%, and Poland for 12.8%. Jointly, these three countries represented only 48.4% of total import flows.

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

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