Knives and cutting blades for machines or mechanical appliances market in Denmark

Earlier Report Observations

The market for knives and cutting blades in Denmark showed notable fluctuations between 2018 and 2021. After climbing to 951 t in 2019, a year marked by active imports of woodworking blades from key European suppliers, the market volume contracted to 840 t in 2020 and 719 t in 2021. During this phase, Denmark's export activity remained significant, with overseas shipments valued at 17.5 million USD in 2021.

A strong expansion phase began in 2022, driven by a 52% surge in imports of cutting blades for woodworking machines from major partners like Germany and China, which helped lift the total market volume above 1 000 t. This import momentum supported further growth in 2023, and by 2024 a sharp increase in domestic production to 834 t propelled the market volume to 1 601 t, while Denmark continued to supply neighboring markets such as Finland.

Production machine knives and cutting blades in Denmark

In value, 2018-2021, K $ US

After two years of decline, Denmark's production of knives and cutting blades for machines or mechanical appliances rebounded. In 2021, output reached 15 350 K $ US, marking a 21.5% increase from 2020. The lowest point in this period was in 2020 at 12 637 K $ US, following the largest decline of 11.2% in 2019. Overall, from 2018 to 2021, production grew by 7.7%, with an average annual growth rate of 2.5%.

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

In kind, 2018-2021, t

Denmark's production of knives and cutting blades for machines or mechanical appliances fell for the third year in a row. In 2021, output was 340.5 t, a sharp drop of 28.3% compared to 2020. Over the 2018-2021 period, production decreased by 36%, translating to an annualized decline of 13.8%.

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

Exports machine knives and cutting blades from Denmark

Exports in kind, t

Exports of knives and cutting blades for machines or mechanical appliances from Denmark rose for the second consecutive year. In 2021, volumes reached 310.1 t, up 33.6% from 2020. The lowest level was in 2019 at 224.9 t, which saw the largest decline of 52.3%. From 2018 to 2021, exports fell by 34.2%, averaging a 13.0% annual decrease.

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

From 2018 to 2021, Norway, Sweden, and the Faroe Islands were the top buyers of knives and cutting blades for machines or mechanical appliances from Denmark, accounting for 19.0%, 16.1%, and 15.4% of exports in kind, respectively. Together, they made up 50.5% of total exports in kind.

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

Following a two-year downturn, Denmark's exports of knives and cutting blades for machines or mechanical appliances in value terms recovered. In 2021, exports totaled 17 462 K $ US, an 18.5% increase from the previous year. The lowest value was in 2020 at 14 732 K $ US, after the largest decline of 17.9% in 2019. Over the 2018-2021 period, exports decreased by 18.3%, with an annualized rate of -6.5%.

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

Between 2018 and 2021, Sweden, Norway, and Germany were the leading markets for Denmark's exports of knives and cutting blades for machines or mechanical appliances in value terms, collectively representing 53.1% of total exports.

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

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

Imports machine knives and cutting blades to Denmark

Imports in kind, t

After two years of reduction, Denmark's imports of knives and cutting blades for machines or mechanical appliances in kind increased. In 2021, imports amounted to 689.0 t, a significant rise of 15.4% from 2020. The lowest volume was in 2020 at 597.1 t, which also experienced the largest decline of 9.1%.

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

From 2018 to 2021, Germany, the United States, and China were the primary sources for Denmark's imports of knives and cutting blades for machines or mechanical appliances in kind, with shares of 41.7%, 12.4%, and 10.8%, respectively. Combined, they accounted for 64.9% of total imports in kind.

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 knives and cutting blades for machines or mechanical appliances in value terms reached 25 282 K $ US, a substantial increase of 17.8% from 2020. The lowest value was in 2020 at 21 457 K $ US, following the largest decline of 19.0% that year. The highest value was in 2019 at 26 500 K $ US, which saw the largest increase of 18.0%. Overall, from 2018 to 2021, imports grew by 12.5%, with an average annual growth rate of 4.0%.

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

Over the 2018-2021 period, Germany, Italy, and Sweden were the key contributors to Denmark's imports of knives and cutting blades for machines or mechanical appliances in value terms, with shares of 48.6%, 8.2%, and 7.4%, respectively. Together, they made up 64.2% of total imports.

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

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