Liquid meters market in Denmark

Earlier Report Observations

The Danish liquid meters market expanded from 167.5 million USD in 2018 to 212.9 million USD in 2021. This growth was initiated by the 2018 implementation of a statutory order regulating the use of measurement instruments for utility consumption, which increased demand for compliant calibrating meters. Additionally, FORCE Technology's establishment of the world's largest closed calibration loop for flow meters strengthened Denmark's calibration technology sector. Despite supply chain disruptions from the COVID-19 pandemic in 2020, production and market size continued to rise, further boosted in 2021 by a heightened focus on sustainability and digitalization in supply chains, driving demand for advanced meters with remote capabilities.

After peaking in 2021, the market contracted sharply to 153.1 million USD in 2022. It rebounded to 188.4 million USD in 2023, supported by ongoing regulatory emphasis on supply security and accuracy requirements for measurement equipment. However, in 2024 the market fell to 123.0 million USD, aligning with a global decline in production and consumption of liquid supply meters. Rising energy prices and the introduction of a road tax also affected distribution costs for measurement equipment in the utilities sector during this period.

Production liquid meters in Denmark

In value, 2018-2021, M $ US

Denmark's liquid meter production has grown for the third year in a row. In 2021, the output value reached 205.0 million US dollars, marking a 14.2% increase compared to the previous year. From 2018 to 2021, production rose by 24.7%, with an average annual growth rate of 7.6%.

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

In kind, 2018-2021, K unit

Denmark's liquid meter production volume has increased for the third consecutive year. In 2021, the country produced 8 704 thousand units, which is 104.9% higher than in 2020. Between 2018 and 2021, production surged by 194.3%, translating to an annualized growth rate of 43.3%.

Annual dynamics of production in Denmark in kind, 2018-2021, K unit

Exports liquid meters from Denmark

Exports in kind, K unit

The market exhibited volatility during this period. Exports hit their lowest point in 2019 at 3.4 thousand units, with the largest decline that year at 42.2%. In 2021, exports peaked at 13.7 thousand units, a 212.8% increase from the previous year, resulting in a 4.1-fold difference between the high in 2021 and the low in 2019.

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

From 2018 to 2021, the main markets for Denmark's liquid meter exports in volume terms were Sweden, accounting for 29.9% of exports, the United States at 26.6%, and Norway at 19.1%. Together, these three countries represented 75.6% 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

The market showed signs of volatility over the observed years. The lowest export value was recorded in 2019 at 224 thousand US dollars, with the largest decline that year at 28.8%. In 2021, exports reached a high of 895 thousand US dollars, a 120.6% rise from the previous year, creating a fourfold variation between the 2021 peak and the 2019 low.

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

Between 2018 and 2021, the United States was the leading market for Denmark's liquid meter exports in value terms, with a 23.7% share, followed by Sweden at 17.6% and the Netherlands at 9.9%. Combined, these three markets accounted for 51.1% of total export flows.

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

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

Imports liquid meters to Denmark

Imports in kind, K unit

Denmark's liquid meter imports have risen for the third consecutive year. In 2021, import volume amounted to 262.5 thousand units, reflecting a significant 10.3% increase over the past year. From 2018 to 2021, imports grew by 59.8%, with an average annual growth rate of 16.9%.

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

Throughout 2018 to 2021, Germany and China were the primary sources for Denmark's liquid meter imports in volume terms, together accounting for 87.4% of total flows. Other partners each held significantly smaller shares.

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

Denmark's liquid meter import value has increased for the third year in a row. In 2021, imports were recorded at 8 784 thousand US dollars, showing a sharp rise of 63.9% year-over-year. Over the period from 2018 to 2021, imports surged by 152.4%, with an average annual growth rate of 36.1%.

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

From 2018 to 2021, the top sources for Denmark's liquid meter imports in value terms were Germany, with a 50.3% share, China at 22.7%, and Switzerland at 7.9%. Together, these three countries made up 80.8% 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