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Code:
108252
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Productivity increases in marine equipment industry and shipyards
TIN news: The Danish Maritime Authority has issued report which shows that in recent years, the marine equipment industry and the shipyards have witnessed a productivity increase above the level of the Danish economy and Blue Denmark in general. The report has been drawn up by the Economic Council of the Labour Movement for the Danish Maritime Authority and is a follow-up on similar reports for 2014 and 2015.
The report points to an overall unchanged direct and indirect employment for Blue Denmark of approx. 60,000 and 100,000 persons, respectively, and an unchanged importance for the Danish economy. Blue Denmark accounts for almost 10 and 6 per cent, respectively, of production and value creation in the total Danish economy, and Blue Denmark’s exports account for almost 24 per cent of total Danish exports.
However, the report also shows that the marine equipment industry and the shipyards have experienced a productivity increase in the period 2002-2012 which is above the general level of Blue Denmark and the Danish economy. This is the case because the two industries have suc-ceeded in achieving increased value creation with fewer employees.
Minister for Business and Growth Troels Lund Poulsen said:
”Blue Denmark is one of the most important industries in Denmark, and the report stresses the importance of strengthening the efforts made to secure good framework conditions for the maritime industries so that we can secure their competitiveness also in the future. This is one of the rea-sons why we have established the blue growth team. The results of the report will form part of the growth team’s considerations and I look forward to receiving their recommendations.”
The fact that employment in Blue Denmark has in general remained unchanged should be seen in the light of the oil and gas industry pulling down the productivity increase. On the other hand, shipping pulls up the overall figures.
The report points to an overall unchanged direct and indirect employment for Blue Denmark of approx. 60,000 and 100,000 persons, respectively, and an unchanged importance for the Danish economy. Blue Denmark accounts for almost 10 and 6 per cent, respectively, of production and value creation in the total Danish economy, and Blue Denmark’s exports account for almost 24 per cent of total Danish exports.
However, the report also shows that the marine equipment industry and the shipyards have experienced a productivity increase in the period 2002-2012 which is above the general level of Blue Denmark and the Danish economy. This is the case because the two industries have suc-ceeded in achieving increased value creation with fewer employees.
Minister for Business and Growth Troels Lund Poulsen said:
”Blue Denmark is one of the most important industries in Denmark, and the report stresses the importance of strengthening the efforts made to secure good framework conditions for the maritime industries so that we can secure their competitiveness also in the future. This is one of the rea-sons why we have established the blue growth team. The results of the report will form part of the growth team’s considerations and I look forward to receiving their recommendations.”
The fact that employment in Blue Denmark has in general remained unchanged should be seen in the light of the oil and gas industry pulling down the productivity increase. On the other hand, shipping pulls up the overall figures.
Main conclusions of the analysis
• In 2015, Blue Denmark accounts for the direct employment of 60,443 persons. In total, Blue Denmark employs 100,000 persons, including the indirect contribution from the demand for goods and services in other Danish sectors. This corresponds to 2.2 per cent and 3.7 per cent, respectively, of total employment in Denmark.
• The total employment contribution of Blue Denmark has decreased during the period from 2005 to 2015. Actually, direct employment decreased by 14,438 persons, while indirect employment increased by 5,900 persons.
• In 2015, production in Blue Denmark amounts to DKK 330 billion and Gross Value Added (GVA) amounts to DKK 98.9 billion. This corresponds to 9.5 per cent of production and 5.8 per cent of GVA, respectively, in the overall economy. If the indirect contribution is included, the total contribution amounts to 11.1 and 7.3 per cent, respectively.
• For each employee, Blue Denmark generates more than twice as much GVA as the average in the Danish economy.
• In Blue Denmark, exports amounted to almost DKK 246 billion in 2014, corresponding to 23.8 per cent of total exports. If indirect exports are included, the proportion corresponds to 26.4 per cent.
• In 2014, exports account for a total of 79.7 per cent of the production value of Blue Denmark, hereof 72 per cent directly and 7.7 per cent indirectly.
• During the period from 2002 to 2012, Blue Denmark has experienced a productivity growth of -3.8 per cent annually, driven by decreasing production in oil and gas. The shipping industry was hit hard by the crisis in 2009, but has since then regained lost earnings and productivity and has, all in all, experienced a productivity growth of 1.7 per cent annually compared to 1.2 per cent in the overall Danish economy. The equipment industry has witnessed a high average productivity growth of 5.2 per cent annually
• In 2015, Blue Denmark accounts for the direct employment of 60,443 persons. In total, Blue Denmark employs 100,000 persons, including the indirect contribution from the demand for goods and services in other Danish sectors. This corresponds to 2.2 per cent and 3.7 per cent, respectively, of total employment in Denmark.
• The total employment contribution of Blue Denmark has decreased during the period from 2005 to 2015. Actually, direct employment decreased by 14,438 persons, while indirect employment increased by 5,900 persons.
• In 2015, production in Blue Denmark amounts to DKK 330 billion and Gross Value Added (GVA) amounts to DKK 98.9 billion. This corresponds to 9.5 per cent of production and 5.8 per cent of GVA, respectively, in the overall economy. If the indirect contribution is included, the total contribution amounts to 11.1 and 7.3 per cent, respectively.
• For each employee, Blue Denmark generates more than twice as much GVA as the average in the Danish economy.
• In Blue Denmark, exports amounted to almost DKK 246 billion in 2014, corresponding to 23.8 per cent of total exports. If indirect exports are included, the proportion corresponds to 26.4 per cent.
• In 2014, exports account for a total of 79.7 per cent of the production value of Blue Denmark, hereof 72 per cent directly and 7.7 per cent indirectly.
• During the period from 2002 to 2012, Blue Denmark has experienced a productivity growth of -3.8 per cent annually, driven by decreasing production in oil and gas. The shipping industry was hit hard by the crisis in 2009, but has since then regained lost earnings and productivity and has, all in all, experienced a productivity growth of 1.7 per cent annually compared to 1.2 per cent in the overall Danish economy. The equipment industry has witnessed a high average productivity growth of 5.2 per cent annually
Further details may be found in the summary of the report below
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