In 2021, the Danish market for pulley tackle and hoists powered by an electric motor increased by X% to $X, rising for the second consecutive year after five years of decline. In general, consumption recorded a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, production of pulley tackle and hoists powered by an electric motor expanded rapidly to $X in 2021 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.
In 2021, Denmark exported about X units of pulley tackle and hoists driven by electric motors; an increase of X% over the previous year. Overall, exports have grown substantially. The most prominent growth rate was in 2016, with an increase of X%. During the period under review, exports peaked in 2021 and may gradually increase in the short term.
Exports of electric motor driven pulley tackle and hoists soared to $X in value terms in 2021. Exports grew strongly during the reporting period. 2019 saw the fastest growth, with exports up X% over the previous year. As a result, exports peak at $X. From 2020 to 2021, export growth will remain at a low figure.
United Kingdom (X Units) is the main destination for Danish Electric Pulleys and Lifts exports, accounting for X% of total exports. In addition, exports of electric motor-driven tackle and lifts to the UK more than doubled to the next-largest destination, New Zealand (Taiwan X). The United States (X vehicles) ranks third in terms of total exports with a share of X%.
From 2012 to 2021, UK sales will grow at an average annual rate of +X%. The average annual growth rate of exports to other major destinations is as follows: New Zealand (+X% per annum) and the United States (+X% per annum).
In value terms, the US ($X) remains the main foreign market for exports of electric motor driven pulley tackle and lifts from Denmark, accounting for X% of total exports. In second place is the United Kingdom ($X), accounting for X% of total exports. This is followed by France with an X% share. From 2012 to 2021, the value of the United States will grow at an average annual rate of +X%. The average annual growth rate of exports to other major destinations is as follows: Great Britain (+X% per year) and France (+X% per year).
In 2021, the supply of electric motor-driven pulley tackle and hoists from abroad increased by X% to X units, rising for the third consecutive year after declining for two consecutive years. Imports increased significantly during the reporting period. The most prominent growth rate was in 2019, when imports increased by X%. Imports peaked in 2021 and are expected to keep growing in the near future.
In value terms, imports of electric motor driven pulley tackle and hoists will surge to $X in 2021. From 2012 to 2021, the total value of imports increased at an average annual rate of +X%; however, the trend pattern showed some significant fluctuations in certain years. The most prominent growth rate was in 2016, when imports increased by X%. As a result, imports peak at $X. From 2017 to 2021, import growth remains at a low figure.
Germany (X units) is Denmark's largest pulley spreaders and hoists powered by an electric motor supplier, accounting for X% of total imports in 2021. In addition, imports of electric motor-driven pulley tackle and lifts from Germany were twice as high as those recorded by the second-largest supplier, Sweden (Taiwan X). China (X vehicles) ranked third with a share of X%.
From 2012 to 2021, Germany's average annual growth rate will total +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Sweden (+X% per year) and China (+X% per year).
Germany ($X) is the largest supplier of Electric Pulley Spreaders and Lifts in Denmark by value, accounting for X% of total imports. In second place is Sweden ($X), accounting for X% of total imports. This is followed by Finland with an X% share.
From 2012 to 2021, the German value will grow at an average annual rate of +X%. The average annual growth rates of imports for the remaining supplying countries are as follows: Sweden (+X% per year) and Finland (+X% per year).
In value terms, Germany constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Denmark, comprising 71% of total imports. The second position in the ranking was taken by Sweden, with a 4.3% share of total imports. It was followed by Finland, with a 4.3% share.
In value terms, the United States remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Denmark, comprising 26% of total exports. The second position in the ranking was held by the UK, with an 11% share of total exports. It was followed by France, with a 6.7% share.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $321 per unit, shrinking by -6.4% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $167 per unit, dropping by -5.4% against the previous year.
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