Self-propelled earthmoving machinery market in Denmark

Earlier Report Observations

Following a stable level in 2018, the market size for self-propelled earthmoving machinery in Denmark declined to USD 222.5 million in 2019. It stabilized at USD 223.1 million in 2020 before entering a period of sustained growth, reaching USD 410.7 million by 2023.

The market contracted sharply in 2024, falling by over 30% to USD 280.4 million. This downturn coincided with a reported global slump in sales of agricultural machinery, which may have indirectly affected demand for construction equipment. Concurrently, the industry is experiencing a strengthening trend towards the electrification and integration of fully electric solutions in machine components.

Technological innovation continues to shape the market, exemplified by the recognition of the Danish robotics company Unicontrol as the company of the year in 2024. Efficiency and versatility of machinery remain key factors for consumers in the construction sector.

Production self-propelled earthmoving machinery in Denmark

In value, 2018-2021, K $ US

After two consecutive years of decline, Denmark's production of self-propelled earthmoving machinery rebounded in 2021. The output was valued at 33 484 K $ US, marking a significant 47.5% increase compared to the previous year. Looking at the broader period from 2018 to 2021, production grew by 4.9%, which translates to an annualized growth rate of 1.6%. The lowest production value was recorded in 2020 at 22 705 K $ US, with that year also seeing 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 showed considerable volatility over the observed period. Production volumes peaked in 2019 at 1 183 units, then fell sharply to a low of 167 units in 2021, representing a 7.1-fold decrease. In 2021, Denmark produced 167 units of self-propelled earthmoving machinery, a steep 36.7% drop from 2020. The most significant decline occurred in 2020 with a 77.7% reduction, while the largest increase was recorded in 2019 at 34.3%.

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

Exports self-propelled earthmoving machinery from Denmark

Exports in kind, unit

In 2021, Denmark's exports of self-propelled earthmoving machinery reached 2 657 units, a substantial 62.8% increase compared to 2020. Over the period from 2018 to 2021, exports grew by 38.6%, corresponding to an annualized growth rate of 11.5%. The lowest export volume was recorded in 2020 at 1 632 units, while the peak occurred in 2019 with 2 932 units. The most significant decline took place in 2020, falling by 44.3%.

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

Between 2018 and 2021, Denmark's export market for self-propelled earthmoving machinery was highly diversified. The top three destinations—Sweden (17.8% of exports in kind), Norway (14.4%), and Poland (14.0%)—collectively accounted for just 46.2% of total flows. The remaining 53.8% was distributed among numerous other countries, indicating a broad market base.

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 export value of self-propelled earthmoving machinery reached 92.8 M $ US, reflecting a 34.9% increase from the previous year. From 2018 to 2021, exports grew by 40.1%, with a compound annual growth rate (CAGR) of 11.9%. The largest decline was recorded in 2020 at 8.6%.

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

From 2018 to 2021, Sweden (26.0% of exports in value terms), Greenland (14.5%), and Germany (14.4%) were the leading destinations for Denmark's self-propelled earthmoving machinery exports. Together, these three countries represented 54.9% of total export flows in value terms.

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

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

Imports self-propelled earthmoving machinery to Denmark

Imports in kind, unit

The import market for self-propelled earthmoving machinery in Denmark displayed significant instability during this period. Imports reached their highest point in 2019 at 57 267 units and fell to their lowest in 2020 at 7 172 units, an 8-fold difference. In 2021, imports rebounded to 9 173 units, a dramatic 27.9% increase year-over-year. The largest decline occurred in 2020 with an 87.5% drop, while the most substantial increase was recorded in 2019 at 639.7%.

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

Between 2018 and 2021, Sweden (37.4% of imports in kind), the Netherlands (29.9%), and Germany (14.7%) consistently held the top positions in Denmark's import structure for self-propelled earthmoving machinery. Collectively, these three countries accounted for 81.9% of total import flows 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, M $ US

Following two years of contraction, Denmark's imports of self-propelled earthmoving machinery increased in 2021. The import value amounted to 372.9 M $ US, a 38.6% rise compared to 2020. Over the period from 2018 to 2021, imports grew by 19.8%, equating to an annualized growth rate of 6.2%. The lowest import value was recorded in 2020 at 269.2 M $ US, with the largest decline occurring in 2019 at 13.4%.

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

From 2018 to 2021, Germany (22.8% of imports in value terms), Sweden (17.7%), and Belgium (12.0%) formed the core group of sources for Denmark's imports of self-propelled earthmoving machinery. Together, these three countries represented 52.5% of total import flows in value terms.

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

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