The Danish lifting equipment market shrinks to $X in 2021, down -X% year-on-year. Overall, consumption recorded a marked decline. Lifting equipment consumption peaked at $X in 2016; however, consumption is at a lower level from 2017 to 2021.

In value terms, hoisting equipment production fell rapidly to an estimated $X at export prices in 2021. Overall, production has fallen sharply. The most significant growth rate occurred in 2020, when production increased by X% over the previous year. Lifting equipment production peaked at $X in 2012; however, production has remained low from 2013 to 2021.

The export size of the lifting equipment market in Denmark
Overseas shipments of lifting equipment in 2021 fell -X% to X units for the first time since 2017, ending a three-year upward trend. During the period under review, exports contracted sharply. The most significant growth rate occurred in 2019, with an X% increase. Exports peaked at X units in 2020, before falling sharply the following year.

In value terms, hoisting equipment exports contract rapidly to $X in 2021. Overall, exports have shrunk significantly. The most significant growth rate occurred in 2018, with an increase of X%. During the period under review, exports peaked at $X in 2020, then declined significantly the following year.

France (X units) is the main destination for Danish hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to France were more than double those to the second largest destination, Taiwan (China) (X units). New Zealand (X units) ranked third with X% of total exports.

From 2012 to 2021, the average annual growth rate of cargo traffic to France totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Taiwan (China) (+X% per annum) and New Zealand (X% per annum).

In value terms, France ($X) became the main foreign market for Danish lifting equipment exports, accounting for X% of total exports. In second place is Taiwan (China) ($X) with X% of total exports. It is followed by Mexico with an X% share.

From 2012 to 2021, the average annual growth in value to France totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Taiwan (China) (+X% per annum) and Mexico (+X% per annum).

Denmark’s lifting equipment import scale
In 2021, the number of hoisting equipment imported by Denmark will shrink significantly to X units, a year-on-year decrease of -X%. During the review period, imports faced a sudden drop. The growth rate was most pronounced in 2018, when imports increased by X% year-on-year. As a result, imports peaked at X units. Import growth will remain low in 2019-2021.

Lifting equipment imports contract sharply to $X in 2021 in value terms. Overall, imports contracted sharply. The fastest growth was recorded in 2013, with an increase of X%. As a result, imports peaked at X dollars. From 2014 to 2021, the growth rate of imports will remain at a low level.

In 2021, Finland (X units) is the largest supplier of lifting equipment in Denmark, accounting for X% of total imports. In addition, imports of hoisting equipment from Finland were four times higher than the figures recorded by the second largest supplier, China (X units). Norway (X units) occupies third place in the ranking with an X% share.

From 2012 to 2021, the average annual growth rate of Finnish exports is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (-X% per annum) and Norway (-X% per annum).

Finland ($X) is the largest lifting equipment supplier to Denmark by value, accounting for X% of total imports. In second place is Estonia ($X) with X% of total imports. It is followed by Sweden with an X% share. From 2012 to 2021, the average annual growth rate of value in Finland totals +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Estonia (+X% per annum) and Sweden (-X% per annum).

Statistics of various crane suppliers in Denmark
Finland is Denmark’s largest supplier of lifting equipment by value, accounting for 39% of total imports. In second place is Estonia with 15% of total imports. It is followed by Sweden with a 9% share.

In value terms, France became the main foreign market for Danish lifting equipment exports, accounting for 56% of total exports. In second place are Taiwanese Chinese), which accounted for 18% of total exports. It is followed by Mexico with a share of 2.6%.

The average export price of hoisting equipment in 2021 is $5,159 per unit, down -25.9% from the previous year.

The average import price of hoisting equipment in 2021 will be US$2,277 per unit, a year-on-year increase of 23%.

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Analysis of the lifting equipment market in Denmark in 2022