Wood and hard materials machine tools market in Denmark

Earlier Report Observations

Following a period of stability in 2018 and 2019, the market volume for wood and hard materials machine tools in Denmark grew significantly in 2020 to 77.3 million US dollars. This expansion aligned with a heightened focus on sustainability and eco-friendly materials in manufacturing, which stimulated demand for machines capable of processing recycled plastics and low-impact materials.

The market contracted in 2021 and fell more sharply in 2022 to 46.2 million US dollars. This decline was driven by rapidly rising prices for construction materials like timber, coupled with supply chain disruptions due to COVID-19 restrictions, which dampened construction activity and reduced demand for woodworking machinery.

A strong recovery followed in 2023, with the market reaching 64.0 million US dollars, and moderate growth continued in 2024 to 66.3 million US dollars, indicating resilient demand following the earlier shocks.

Production wood and hard materials machine tools in Denmark

In value, 2018-2021, K $ US

In 2021, Denmark's production of wood and hard materials machine tools reached a value of 90 490 thousand US dollars, marking a 28.1% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 39.6%, which translates to an annualized growth rate of 11.8%. The most significant decline occurred in 2020, with a drop of 9.4%.

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

In kind, 2018-2021, unit

Denmark's production volume of wood and hard materials machine tools has increased for the third consecutive year. In 2021, the country produced 4 835 units, representing a 14.1% rise from the year before. From 2018 to 2021, production surged by 792.1%, averaging an annual growth rate of 107.4%.

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

Exports wood and hard materials machine tools from Denmark

Exports in kind, K unit

Denmark's exports of wood and hard materials machine tools have declined for the second year in a row. In 2021, exports totaled 41.5 thousand units, a 3.3% decrease year-over-year. Between 2018 and 2021, exports increased by 18.2%, with a compound annual growth rate of 5.7%. The peak was recorded in 2019 at 47.7 thousand units, while the largest decline of 10.0% occurred in 2020. The most substantial increase of 35.7% was also seen in 2019.

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

From 2018 to 2021, Germany, Sweden, and the Netherlands were the core destinations for Denmark's exports of wood and hard materials machine tools in kind. Germany accounted for 30.9% of exports, Sweden for 13.0%, and the Netherlands for 12.7%, together making up 56.5% 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

In 2021, Denmark's exports of wood and hard materials machine tools in value terms amounted to 83 251 thousand US dollars, a 68.1% increase from 2020. Over the 2018-2021 period, exports grew by 52.4%, equating to an annualized rate of 15.1%. The lowest value was recorded in 2020 at 49 525 thousand US dollars, which also saw the largest decline of 24.8%.

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

Between 2018 and 2021, Denmark's exports of wood and hard materials machine tools in value terms were distributed across numerous countries. Germany contributed 10.2% of exports, Poland 9.6%, and Estonia 8.7%, with these three countries jointly accounting for 28.5% 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 wood and hard materials machine tools to Denmark

Imports in kind, K unit

Following a two-year increase, Denmark's imports of wood and hard materials machine tools in kind declined. In 2021, imports were approximately 127.4 thousand units, reflecting a 10.0% drop compared to 2020. From 2018 to 2021, imports rose by 32%, with a compound annual growth rate of 9.7%. The highest volume was recorded in 2020 at 141.6 thousand units, which also experienced the largest increase of 42.8%.

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

During 2018-2021, Germany, China, and Sweden were the primary sources for Denmark's imports of wood and hard materials machine tools in kind. Germany represented 41.3% of imports, China 26.1%, and Sweden 19.5%, together comprising 86.9% 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

Denmark's imports of wood and hard materials machine tools in value terms have increased for the second consecutive year. In 2021, imports reached 60 438 thousand US dollars, corresponding to a 7.6% year-over-year uptick. Over the 2018-2021 period, imports grew by 21.6%, with a compound annual growth rate of 6.7%. The lowest value was recorded in 2019 at 48 366 thousand US dollars, which saw the largest decline of 2.7%. The most significant increase of 16.2% occurred in 2020.

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

From 2018 to 2021, three key markets—Germany, Italy, and Sweden—dominated Denmark's imports of wood and hard materials machine tools in value terms, collectively accounting for 83.4% 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