Energy Industry Analysis 2009_ April 2010

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Energy Industry Analysis 2009_ April 2010 Powered By Docstoc
					                          Energy Industry Analysis
                                                    2009
                                                 April 2010
The purpose of this analysis of Danish energy technologies is to document the significance of Danish energy
industries for the economy and employment situation, as well as the distribution of Danish energy technologies on the
global market. Energy technologies and equipment refer to all goods used for the extraction, processing, and
production of energy.

The Danish Energy Agency, the Danish Energy Industries Federation under the Confederation of Danish Industries
(DI), and the Danish Enterprise and Construction Authority collaborate on updating and revising the analysis. During
the fall and winter of 2009/2010 the data basis of the analysis has undergone a thorough revision among others due to
Statistics Denmark’s change from DB03 to DB07. The revised data is used in the entire analysis in order to avoid a
break in data continuity.

In general, sales figures from Danish energy technology companies based abroad have not been included in the
analysis. Moreover, Danish consultancy services, which are often linked to exports of energy technology from
Denmark, have not been included.

The analysis is based on an analysis of data from official sources (Statistics Denmark and Eurostat) and is regularly
updated.
                               Total exports of energy technologies and equipment

                    From 2008 to 2009, exports of energy technologies and equipment decreased by 11.8 %. Other
                    Danish goods exports declined by 16.2 %.

                    2009, Denmark exported energy technologies and equipment at a value of DKK 58 billion,
                    corresponding to 11.6 % of total Danish goods exports.




                  300                                                                                                             DKK 58
                                                                                                                                  billion
                  250
Index, 2000=100




                  200

                  150                                                                                                                  DKK 440
                                                                                                                                       billion
                  100

                   50

                    0
                        2000        2001        2002         2003   2004        2005         2006         2007          2008         2009


                               Energy technologies and equipment     Total goods exports excl. energy technologies and equpment
                                                                                                      3
             Energy technology exports’ share of total Danish goods
                                   exports

Exports of energy technologies and equipment account for a larger and larger share of total
Danish goods exports. 2009 energy technologies accounted for 11.6 %, which is a slight increase
from 2008. 2008 the share was 11.1 %.

In spite of a general fall in exports of Danish goods, the share of energy technologies exports has
increased from 2008 to 2009. In addition, energy technologies’ export share has almost doubled
from 2000 to 2009.


            14

            12

            10
  Percent




            8

            6

            4

            2

            0
                 2000   2001   2002   2003   2004    2005     2006    2007     2008     2009
                                                                                                                                  4

                                                 Exports of energy products
      2009, energy technologies and equipment accounted for app. 2/3 (62 %) of total Danish exports of
      energy products. Oil and gas exports accounted for 35 % and exports of other energy products 3
      %.

      All three product categories had declining export rates from 2008 to 2009. Exports of energy
      technologies and equipment decreased by 11.8 %, oil and gas by 32.7 % and finally exports of
      other energy products decreased by 40 %.
              140

              120

              100
DKK billion




              80

              60

              40

              20

                0
                     2000      2001       2002        2003        2004            2005        2006           2007   2008   2009


                                              Energy technologies and equipment      Oil and gas     Other

              Note 1: The category ”Other” includes electricity and by-products
  Exports of energy technologies and equipment from Denmark and EU15

The effects of the international financial crisis seem to have had a less severe impact on the
Danish exports of energy technologies and equipment than on other EU15 countries’ exports.
From 2008 to 2009, EU15’s total exports of energy technologies dropped by 18.8 %. By
comparison, Danish energy technologies exports decreased by 11.8 %.


                        300


                        250


                        200
      Index, 2000=100




                        150


                        100


                         50


                          0
                              2000   2001   2002   2003     2004    2005   2006   2007   2008   2009

                                                          Denmark   EU15
                   The share of energy technologies exports from EU15 countries

          When looking at the share of energy technologies relative to the individual country's overall goods
          exports in 2009, Denmark was once again the greatest exporter of energy technologies and
          equipment compared to the other EU15 countries. Denmark is therefore still holding a leading
          position followed by Italy, Finland and Sweden. 2008, it was Italy, Germany and Austria.

          Despite the international crisis, all four countries at the top have seen their share of energy
          technologies exports relative to the overall goods exports increase from 2008 to 2009. The EU15
          average shows no change in the same period.
            12.0


            10.0


             8.0
Percent




             6.0


             4.0


             2.0


             0.0
                                               Sweden
                                     Finland




                                                                                   France




                                                                                                                    Greece
                                                                            EU15




                                                                                                                             Portugal



                                                                                                                                        Luxemburg



                                                                                                                                                    Belgium
                   Denmark




                                                                                                            Spain




                                                                                                                                                              Netherlands



                                                                                                                                                                            Ireland
                                                        Germany




                                                                                            Great Britain
                             Italy




                                                                  Austria




                                                                                                                                                                  The
                                                                                                              7
              The ten largest export markets for Danish energy technologies



                                         % of
                                         total
                                         exports      Germany continues to be the largest
                                         of
                                         energy        export market for Danish energy
                                         tech. &
2009
                                         equip
                                                                technologies
                                DKK      ment
No.        Inporting country   billion             In spite of a decrease in exports of 23.5 %, Germany
       1 Germany                   8.8     15      continues to be the largest importer of Danish energy
                                                   technologies. Danish companies exported energy
       2 USA                       7.4     13      technology and equipment to the German market at a
       3 UK                        5.8     10      value of DKK 8.8 billion in 2009, which constitutes 15 %
       4 Sweden                                    of total Danish energy technologies exports.
                                   3.9      7
       5 France                    3.0      5      USA , UK and Sweden continue to be the second, third
       6 Singapore                 2.8      5      and forth most important markets for Danish exports of
                                                   energy technologies and equipment. However, energy
       7 China                     2.5      4      technologies exports to the US, UK and Sweden have in
       8 Norway                    2.4      4      total dropped by 8.6 % from 2008 to 2009, and had in
       9 Spain                                     2009 a value of DKK 17.1 billion.
                                   2.2      4
      10 Italy                     2.0      3      As a new development, Singapore now features on the list
                                                   of the ten largest export markets. However, Canada no
                                                   longer holds the rank as no. 10 on the list.
                                                                                                                  8
           Exports of energy technologies and equipment by groups of countries

2009, 2/3 of Danish exports of energy technologies and equipment, corresponding to a value of DKK
38 billion, went to countries within the EU27. The second largest market was North America.

Exports to EU27 declined by 4.3 % from 2008 to 2009. Similarly, exports to North America and the
BRICs dropped by 27.3 % and 17.8 % respectively. In contrast, energy technology exports to
Southeast Asia and the Middle East saw positive growth rates.



                 70,000


                 60,000


                 50,000
                                                                                                BRICs
   DKK billion




                 40,000                                                                         The Middle East
                                                                                                Southeast Asia
                 30,000
                                                                                                North America
                                                                                                Europe (EU27)
                 20,000


                 10,000


                     -
                          2000   2001   2002   2003   2004   2005   2006   2007   2008   2009


Note 1: The BRICs refer to Brazil, Russia, India and China
                                                                                                                                                9
                                                   Danish exports to Europe (EU27)

The European market is of great significance to Danish exports of energy technologies and
equipment. 2009, 65.6 % of the energy technologies exports were imported by countries within
EU27. 2008, it was 60.4 %.

In spite of the fact that the European market is becoming more and more important to Danish
exports of energy technologies and equipment, exports decreased by 4.3 % from 2008 to 2009.
Other Danish goods exports declined by 8.5 %.

                   250


                   200
 Index, 2000=100




                   150


                   100


                   50


                    0
                         2000        2001         2002          2003         2004             2005    2006         2007         2008     2009


                                Total goods exports excl. energy technologies and equipment          Energy technologies and equipment
                                                                                                                                                  10
                                                     Danish exports to North America
From 2008 to 2009, exports of energy technologies and equipment dropped by 27.2 %, which
corresponds to exports of a value of DKK 7.5 billion in 2009. By comparison, the export value
was DKK 10.4 billion in 2008. Other Danish goods exports only decreased by 0.8 %. This
development differentiats itself from the overall picture, where other Danish goods exports are
more influenced by the international crisis than exports of energy technologies and equipment.

2009, the North American market recieved 13 % of Danish energy technologies and equipment
exports. 2008 it was 15.7 %.
                     700

                     600

                     500
   Index, 2000=100




                     400

                     300

                     200

                     100

                      0
                           2000          2001         2002         2003         2004            2005   2006        2007         2008       2009


                                  Total goods exports excl. energy technologies and equipment          Energy technologies and equipment
                                                                                                                                           11
    Trends in turnover in energy technology industries and in industry overall
 From 2006 to 2007, the turnover of Danish energy technology industries saw an increase of 22.7
 %. This growth is significantly larger than the increase in turnover of the total Danish industry,
 where turnover grew by 7.7 %. 2007, turnover in the Danish energy technology industries
 constituted 12.3 % of total turnover in Danish industry overall.

 Since 2000, turnover in the energy technology industries has increased by 84.1 %. The total
 industry’s growth was 32.6 %.
                       200
                                                                                  Turnover in the energy technology industries
                       180
                                                                                  2007: DKK 80.8 billion
     Index, 2000=100




                       160


                       140


                       120
                                                                                                              Total industry turnover
                       100                                                                                    2007: DKK 658.8 billion
                        80
                             2000   2001        2002           2003            2004             2005         2006           2007

                                            Total industry       - hereof energy technology industries

Note 1: The basis year 2000 was chosen in order to maintain data continuity through the time series, as Statistics Denmark is now using DB07.
For this part of the analysis, 2007 is the most recently updated year.
Note 2: The figures for turnover, added value and employment are based on company statistics from Statistics Denmark. Data from these
statistics are published once every year in the autumn. However, figures from the company statistics are around two years behind the current
year.
                                                                                                                                                    12
Trends in the number of fulltime employees in energy technology industries
                          and in industry overall

 After decreasing employment rates in both the energy technology industries and the total
 industry, the fulltime employment in energy technology industries increased by 17.1 % from
 2005 to 2007. During the same period fulltime employment went up by 3.3 % in the total
 industry.


                     120

                     115                                                                          Fulltime employees in
                                                                                                  energy technology
                     110
                                                                                                  industries
   Index, 2000=100




                     105
                                                                                                  2007: 41,306
                     100

                      95

                      90
                                                                                         Fulltime employees in the total industry
                      85                                                                 2007: 348,623
                      80
                           2000   2001             2002             2003             2004             2005             2006             2007

                                               Total industry          - hereof energy technology industries


Note 1: The basis year 2000 was chosen in order to maintain data continuity through the time series, as Statistics Denmark is now using DB07. For
this part of the analysis, 2007 is the most recently updated year.
                                                                                                                                                       13
  Trends in added value for energy technology industries and industry overall
After a period characterized by increases and decreases in the added value for energy technology
industries there has been a significant growth of 42.4 % from 2005 to 2007. By comparison, the industry
in total had a 12.8 % growth. However, contrary to the energy technology industries the industry in total
has had growth in the entire period from 2000 to 2007.


                         170                                                                  Added value in energy
                         160
                                                                                              technology industries
                                                                                              2007: DKK 23.5 billion
                         150

                         140
       Index, 2000=100




                         130

                         120

                         110                                                                                               Added value in the total
                                                                                                                           industry
                         100
                                                                                                                           2007: DKK 207.2 billion
                         90

                         80
                               2000   2001            2002             2003            2004             2005             2006             2007


                                                Total industry         - hereof energy technology industries


   Note 1: The basis year 2000 was chosen in order to maintain data continuity through the time series, as Statistics Denmark is now using DB07. For
   this part of the analysis, 2007 is the most recently updated year.
   Note 2: The added value is measured as the growth in value in DKK from processing a product in the various stages of production.
Trends in added value per fulltime employee in energy technology industries
                           and in industry overall
From 2003 to 2007 the added value per fulltime employee in energy technology industries increased
by 35.4 % following a fall from 2002 to 2003. This increase includes a growth of 17.1 % from 2005 to
2006.

In the industry in total the growth was 32.8 % in the period from 2000 to 2007. By comparison, the
energy technology industries had a 41.8 % growth. As a consequence, the added value per fulltime
employee in the energy technology industries is leveling with added value per fulltime employee in
industry overall.
                                                          Added value per fulltime
        680
                                                          employee in the total industry
        580                                               2007: DKK 594,310
    DKK 1,000/per employee




                             480

                             380                                                                   Added value per fulltime employee
                                                                                                   in energy technology industries
                             280
                                                                                                   2007: DKK 570,111
                             180

                             80
                                   2000   2001         2002       2003              2004             2005     2006       2007


                                                 Total industry   - hereof energy technology industries

				
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