Winches and capstans market in Denmark

Earlier Report Observations

The Danish winches and capstans market maintained a stable size of around 22 million US dollars from 2018 to 2020, even as production and export volumes declined after an initial strong year in 2018. High export activity in 2018, supported by favorable global trade conditions and raw material price trends, contributed to robust production levels that year.

A turning point came in 2021 as exports began to recover amidst global supply chain disruptions following the pandemic. Growth accelerated in 2022, with exports reaching a record high. This expansion occurred despite industry-wide energy supply concerns triggered by the Russia-Ukraine war, partially offset by the inauguration of the Baltic Pipe LNG terminal which bolstered Denmark's energy security for manufacturing.

The market's upward trajectory continued through 2023, fueled by strong export performance that pushed the total market size to 29.7 million US dollars. By 2024, the market value reached 34.1 million US dollars, supported by growing imports which met domestic demand as production saw a modest adjustment.

Production winches and capstans in Denmark

In value, 2018-2021, K $ US

Denmark's production of winches and capstans declined for the third consecutive year. In 2021, output was valued at 25 453 thousand US dollars, marking a 14.4% decrease compared to 2020. Over the period from 2018 to 2021, production fell by 24.8%, with a compound annual growth rate of -9.1%.

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

In kind, 2018-2021, unit

Denmark's production of winches and capstans declined for the second consecutive year. In 2021, 7 970 units were produced, representing a 34.8% year-over-year decrease. From 2018 to 2021, production dropped by 20.4%, with a compound annual growth rate of -7.3%. The highest production level was recorded in 2019 at 12 568 units, which also saw the largest increase of 25.5%.

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

Exports winches and capstans from Denmark

Exports in kind, unit

Market performance showed noticeable fluctuations during the period. Export volumes varied 4.6 times from the low in 2018 to the high in 2021. In 2021, foreign supplies of winches and capstans from Denmark reached 54 342 units, a sharp increase of 207.7% compared to 2020. The largest decline occurred in 2020 at 48.6%.

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

The country composition of exports in kind from 2018 to 2021 was dispersed. Sweden accounted for 17.3% of exports in kind, the Netherlands for 16.6%, and Australia for 11.9%, together forming just 45.7% of total flows. The remaining 54.3% was distributed among a wide range of other destinations.

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

After a two-year decline, winches and capstans deliveries from Denmark increased. In 2021, exports totaled 24 652 thousand US dollars, up 4.2% year-over-year. Between 2018 and 2021, exports decreased by 18%, equating to an annualized rate of -6.4%. The lowest value was recorded in 2020 at 23 647 thousand US dollars, which also saw the largest decline of 12.5%.

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

From 2018 to 2021, exports in value terms of winches and capstans from Denmark were spread relatively evenly. The United States accounted for 13.5% of exports in value terms, Norway for 9.0%, and Sweden for 8.9%, jointly representing only 31.4% of total 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 winches and capstans to Denmark

Imports in kind, unit

The data reveals irregular changes, indicating a volatile market environment. Import volumes varied 2.6 times from the minimum in 2020 to the maximum in 2021. In 2021, Denmark's import volume of winches and capstans reached 66 564 units, a dramatic increase of 161.0% from 2020. The lowest volume was recorded in 2020 at 25 503 units, which also saw the largest decline of 11.0%.

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

From 2018 to 2021, Italy, Sweden, and China remained the principal suppliers of winches and capstans to Denmark. Italy accounted for 32.8% of imports in kind, Sweden for 24.7%, and China for 8.1%, jointly representing 65.5% of total imports 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, K $ US

After a two-year drop, Denmark's volume of winches and capstans imports increased. In 2021, imports reached 21 057 thousand US dollars, indicating an uptick of 36.0% compared to 2020. Over the period from 2018 to 2021, imports rose by 13.9%, with a compound annual growth rate of 4.4%. The minimum value was recorded in 2020 at 15 482 thousand US dollars, while the largest decline occurred in 2019 at 9.4%.

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

From 2018 to 2021, Norway, Spain, and Germany led the ranking of suppliers of winches and capstans to Denmark in value terms. Norway accounted for 25.5% of imports in value terms, Spain for 21.3%, and Germany for 13.9%, with their combined share reaching 60.6% of total imports 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