Pulleys and flywheels market in Denmark

Earlier Report Observations

The market for pulleys and flywheels in Denmark experienced significant fluctuations from 2018 to 2020. In 2018, market volume reached 10.9 thousand tons, supported by investments in wind energy, including a 165 MW onshore wind project, and political backing for green transport such as allowing e-bikes on dedicated cycle paths. However, in 2019, volume fell to 7.4 thousand tons. In 2020, the COVID-19 pandemic affected production and consumption, reducing volume to 5.9 thousand tons, but market value increased to USD 18.0 million due to supply chain disruptions.

In 2021, market volume recovered to 7.5 thousand tons and value reached USD 22.0 million, driven by government investments in green technology and preparations for new technical equipment regulations that took effect in July 2022. In 2022, the Russia-Ukraine war led to reduced natural gas supplies to Denmark, impacting the energy sector and demand for mechanical components, lowering volume to 6.6 thousand tons. Meanwhile, market value surged to USD 34.6 million because of rising raw material and component prices.

During 2023 and 2024, market volume continued to decline, reaching 5.3 thousand tons and 3.9 thousand tons, respectively. Market value also dropped to USD 24.7 million in 2023 and USD 18.8 million in 2024. Despite a strong housing market recovery and focus on industrial automation, these factors did not offset the overall contraction in physical market volume.

Production pulleys and flywheels in Denmark

In value, 2018-2021, K $ US

Denmark's production of pulleys and flywheels has increased for the second year in a row. In 2021, output reached 34 177 thousand US dollars, marking a 29.0% rise compared to the previous year. Looking at the period from 2018 to 2021, production overall decreased by 8.3%, which translates to an average annual decline of 2.8%. The lowest point was in 2019, with a value of 24 329 thousand US dollars, and that year also saw the sharpest drop of 34.7%.

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

In kind, 2018-2021, t

Following a two-year decline, Denmark's production of pulleys and flywheels has rebounded. In 2021, the country produced 10 173 tonnes, representing a significant increase of 32.9% over the previous year. Over the 2018-2021 period, production fell by 28.1%, with a compound annual growth rate of -10.4%. The minimum output was recorded in 2020 at 7 653 tonnes, while the largest decline occurred in 2019 with a drop of 34.7%.

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

Exports pulleys and flywheels from Denmark

Exports in kind, t

After two years of decreases, Denmark's exports of pulleys and flywheels have turned upward. In 2021, the country exported 3 267 tonnes, showing a dramatic surge of 42.2% compared to 2020. From 2018 to 2021, exports decreased by 13.5%, with a compound annual growth rate of -4.7%. The lowest volume was in 2020 at 2 298 tonnes, and the steepest decline happened in 2019 with a 38.4% drop.

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

From 2018 to 2021, Germany, Sweden, and Finland were consistently the top destinations for Denmark's exports of pulleys and flywheels in volume terms. Germany accounted for 34.0% of exports, Sweden for 25.0%, and Finland for 8.3%, together making up 67.3% 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

Following a two-year decline, Denmark's exports of pulleys and flywheels in value terms have increased. In 2021, exports totaled 23 658 thousand US dollars, up by 34.9% from the prior year. Over the 2018-2021 period, exports grew by 2.3%, with a compound annual growth rate of 0.8%. The minimum value was recorded in 2020 at 17 538 thousand US dollars, while the largest decline occurred in 2019 with a 23.6% decrease.

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

Between 2018 and 2021, Germany, Sweden, and Finland emerged as the primary markets for Denmark's exports of pulleys and flywheels in value terms. Germany represented 34.5% of exports, Sweden 15.7%, and Finland 5.9%, collectively accounting for 56.1% 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 pulleys and flywheels to Denmark

Imports in kind, t

Denmark's imports of pulleys and flywheels have risen for the second consecutive year. In 2021, imports reached 590 tonnes, reflecting a robust increase of 11.5% year-over-year. From 2018 to 2021, imports grew by 3%, with a compound annual growth rate of 1.0%. The lowest volume was in 2019 at 514 tonnes, and that year also saw the largest decline of 10.3%.

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

Throughout 2018 to 2021, Germany, Italy, and China were the dominant sources for Denmark's imports of pulleys and flywheels in volume terms, together accounting for 73.3% 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 drop, Denmark's imports of pulleys and flywheels in value terms have increased. In 2021, imports amounted to 11 436 thousand US dollars, which is 27.1% higher than the previous year. Between 2018 and 2021, imports rose by 19.2%, equating to an average annual growth rate of 6.0%. The minimum value was in 2020 at 8 999 thousand US dollars, while the largest decline occurred in 2019 with a 3.8% decrease.

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

From 2018 to 2021, Germany, Italy, and Sweden were the key contributors to Denmark's imports of pulleys and flywheels in value terms. Germany made up 43.8% of imports, Italy 9.0%, and Sweden 8.9%, jointly representing 61.6% 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