Mechanical shovels, excavators and shovel loaders market in Denmark

Earlier Report Observations

The Danish market for mechanical shovels and excavators experienced initial volatility, with the market size falling to $212 million in 2019 before a modest recovery to $218 million in 2020. Global supply-chain disruptions from the COVID-19 pandemic affected trade flows, while the phased introduction of the EU's Stage V emissions standards began steering demand toward compliant equipment.

A strong expansion phase followed from 2021 to 2023, during which the market grew from $299 million to $399 million. This surge was supported by the post-pandemic recovery of global supply chains and rising investments in automation and telematics across the industry. Concurrently, ongoing EU regulatory pressure for sustainability and emission reductions fueled demand for newer, technologically advanced machinery, boosting both production and imports.

In 2024, the market contracted sharply by 32% to $272 million, marking a reversal of the previous growth trend. The decline was linked to broader economic factors dampening consumer demand, coupled with persistent global supply-chain challenges that constrained trade. Exports fell for a second consecutive year, reflecting the broader market adjustment.

Production mechanical shovels, excavators and shovel loaders in Denmark

In value, 2018-2021, K $ US

Denmark's production of mechanical shovels, excavators, and shovel loaders rebounded after two years of decline. In 2021, output reached 33 484 thousand US dollars, marking a sharp year-on-year increase of 47.5%. Between 2018 and 2021, production grew by 4.9%, averaging an annualized rate of 1.6%. The lowest value was recorded in 2020 at 22 705 thousand US dollars, which also saw the largest decline of 19.1%.

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

In kind, 2018-2021, unit

The market exhibited volatility during the observed period. Production peaked in 2019 at 1 183 units, then fell to its lowest point in 2021 with 167 units, representing a 7.1-fold difference between these years. In 2021, output declined by 36.7% compared to the previous year. The largest decrease occurred in 2020 at 77.7%, while the highest increase was in 2019 at 34.3%.

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

Exports mechanical shovels, excavators and shovel loaders from Denmark

Exports in kind, unit

Denmark's exports of mechanical shovels, excavators, and shovel loaders recovered after a two-year downturn. In 2021, exports totaled 1 824 units, up 28.0% from 2020. Between 2018 and 2021, exports increased by 10.3%, equating to an annualized growth rate of 3.3%. The minimum value was recorded in 2020 at 1 425 units, which also experienced the largest decline of 13.1%.

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

From 2018 to 2021, Sweden, Norway, and Poland were the primary markets for Denmark's exports in kind. Sweden accounted for 24.4% of exports, Norway for 17.2%, and Poland for 16.5%. Together, these three countries represented 58.0% 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, M $ US

In 2021, Denmark's exports of mechanical shovels, excavators, and shovel loaders in value terms reached 87.8 million US dollars, showing a significant increase of 44.1% compared to 2020. Over the period from 2018 to 2021, exports grew by 42.8%, with a compound annual growth rate (CAGR) of 12.6%. The lowest value was recorded in 2020 at 61.0 million US dollars, which also saw the largest decline of 13.0%.

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

Between 2018 and 2021, Sweden, Germany, and Greenland were the main buyers of Denmark's mechanical shovels, excavators, and shovel loaders in value terms. Sweden accounted for 27.9% of exports, Germany for 15.0%, and Greenland for 12.3%. Collectively, these three markets comprised 55.2% of total export value.

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

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

Imports mechanical shovels, excavators and shovel loaders to Denmark

Imports in kind, unit

Import data showed irregular fluctuations, indicating a volatile market. Imports peaked in 2019 at 55 911 units and dropped to their lowest in 2020 at 5 722 units, reflecting a 9.8-fold gap between these years. In 2021, imports rose to 6 836 units, a notable increase of 19.5% from the previous year. The largest decline occurred in 2020 at 89.8%, while the highest increase was in 2019 at 780.6%.

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

From 2018 to 2021, Sweden, the Netherlands, and Germany consistently led as the top sources for Denmark's imports in kind. Sweden accounted for 40.5% of imports, the Netherlands for 32.4%, and Germany for 9.2%. Together, these three countries made up 82.1% 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, M $ US

Denmark's imports of mechanical shovels, excavators, and shovel loaders in value terms increased for the second consecutive year. In 2021, imports totaled 352.9 million US dollars, up 37.6% year-on-year. Over the period from 2018 to 2021, imports grew by 20.5%, with a compound annual growth rate (CAGR) of 6.4%. The minimum value was recorded in 2019 at 253.7 million US dollars, which also experienced the largest decline of 13.3%.

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

Throughout 2018 to 2021, Germany, Sweden, and Belgium formed the core group of markets for Denmark's imports in value terms. Germany accounted for 21.2% of imports, Sweden for 18.6%, and Belgium for 12.5%. Collectively, these three countries represented 52.3% 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