Parts for harvesting machinery including parts of threshing machinery straw or fodder balers and grass or hay mowers market in Denmark

Earlier Report Observations

The market for parts of harvesting machinery in Denmark showed significant fluctuations in value between 2018 and 2024. After starting at 55.4 million US dollars in 2018, it contracted to 47.5 million in 2019. This was followed by a strong recovery and growth phase, with the market expanding to 58.8 million in 2020 and then surging to 87.3 million in 2021.

Following the peak in 2021, the market corrected to 78.2 million in 2022. It then climbed to its highest point of 94.2 million US dollars in 2023. The period concluded with another contraction, as the market size fell to 75.8 million in 2024.

Production parts for harvesting and mowing machinery in Denmark

In value, 2018-2021, K $ US

Denmark's production of parts for harvesting machinery, including components for threshing machinery, straw or fodder balers, and grass or hay mowers, has increased for the second consecutive year. In 2021, output was valued at 21 125 thousand US dollars, marking a robust rise of 15.8% compared to the previous year. Between 2018 and 2021, production grew by 9.5%, which translates to an annualized rate of 3.1%. The lowest value was recorded in 2019 at 17 047 thousand US dollars, with the largest decline of 11.7% also occurring that year.

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

Exports parts for harvesting and mowing machinery from Denmark

Exports in kind, t

After a two-year decline, Denmark's export volumes of parts for harvesting machinery, including components for threshing machinery, straw or fodder balers, and grass or hay mowers, have increased. In 2021, exports reached 2 937 tonnes, up by 38.2% from 2020. Over the period from 2018 to 2021, exports rose by 11.3%, with a compound annual growth rate of 3.6%. The lowest volume was recorded in 2020 at 2 125 tonnes, while the largest decline of 16.7% occurred in 2019.

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

From 2018 to 2021, Denmark's exports in kind of parts for harvesting machinery, including components for threshing machinery, straw or fodder balers, and grass or hay mowers, were not heavily concentrated. France accounted for 23.4% of exports in kind, Norway for 12.0%, and Germany for 10.5%, with these three countries together capturing only 45.8% of total 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

Denmark's exports of parts for harvesting machinery, including components for threshing machinery, straw or fodder balers, and grass or hay mowers, have increased for the third consecutive year. In 2021, exports amounted to 53.9 million US dollars, showing a strong gain of 22.6% from the previous year. Between 2018 and 2021, exports grew by 30.9%, equating to an annualized rate of 9.4%.

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

The market base for Denmark's exports in value terms from 2018 to 2021 was wide. France accounted for 23.6% of exports in value terms, Germany for 13.8%, and Sweden for 10.7%, with these three countries jointly representing just 48.1% of total flows. The remaining 51.9% was distributed among numerous other countries.

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

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

Imports parts for harvesting and mowing machinery to Denmark

Imports in kind, t

After a two-year fall, Denmark's import volumes of parts for harvesting machinery, including components for threshing machinery, straw or fodder balers, and grass or hay mowers, have increased. In 2021, imports stood at 8 831 tonnes, reflecting a steep uptick of 25.6% from the previous year. Over the period from 2018 to 2021, imports rose by 13.3%, with a compound annual growth rate of 4.2%. The lowest volume was recorded in 2020 at 7 033 tonnes, while the largest decline of 5.3% occurred in 2019.

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

From 2018 to 2021, Germany, China, and Poland consistently held leading positions in Denmark's import structure in kind. Germany accounted for 33.6% of imports in kind, China for 11.0%, and Poland for 10.1%, with these three countries jointly accounting for 54.7% of total 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 parts for harvesting machinery, including components for threshing machinery, straw or fodder balers, and grass or hay mowers, have increased for the second consecutive year. In 2021, imports amounted to 120.1 million US dollars, showing a steep gain of 42.0% compared to the previous year. Between 2018 and 2021, imports grew by 55.4%, equating to an annualized rate of 15.8%. The lowest value was recorded in 2019 at 72.0 million US dollars, with the largest decline of 6.8% also occurring that year.

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

From 2018 to 2021, Germany, Sweden, and Italy were the principal destinations for Denmark's imports in value terms. Germany accounted for 44.1% of imports in value terms, Sweden for 12.9%, and Italy for 9.2%, with these three countries jointly accounting for 66.3% of total flows.

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

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