Denmark: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Denmark

The Danish market for air conditioning machines for motor vehicles contracted sharply to $X in 2022, which is down by -54.6% against the previous year. Overall, consumption, however, saw a prominent expansion. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Production of Air Conditioning Machines For Motor Vehicles in Denmark

In value terms, motor vehicle air conditioning machine production shrank sharply to $X in 2022 estimated in export price. Overall, production showed a dramatic shrinkage. Over the period under review, production attained the peak level at $X in 2021, and then declined sharply in the following year.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Denmark

In 2022, after six years of growth, there was significant decline in shipments abroad of air conditioning machines for motor vehicles, when their volume decreased by -8.5% to X units. Over the period under review, exports, however, saw a mild expansion. The pace of growth was the most pronounced in 2016 with an increase of 188% against the previous year. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, motor vehicle air conditioning machine exports contracted significantly to $X in 2022. Overall, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2016 with an increase of 150% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

France (X units) was the main destination for motor vehicle air conditioning machine exports from Denmark, accounting for a 66% share of total exports. Moreover, motor vehicle air conditioning machine exports to France exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The third position in this ranking was held by the Netherlands (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +98.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.2% per year) and the Netherlands (+11.0% per year).

In value terms, France ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Denmark, comprising 69% of total exports. The second position in the ranking was held by Germany ($X), with a 9.9% share of total exports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +96.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.3% per year) and the Netherlands (+9.7% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, which is down by -24.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2015 when the average export price increased by 34% against the previous year. The export price peaked at $X per unit in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Denmark

Motor vehicle air conditioning machine imports into Denmark contracted sharply to X units in 2022, waning by -65.7% compared with 2021. In general, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of 116% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine imports contracted markedly to $X in 2022. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 69% against the previous year. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motor vehicle air conditioning machine to Denmark, with a 46% share of total imports. Moreover, motor vehicle air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.1% per year) and Italy (+26.6% per year).

In value terms, China ($X), France ($X) and Italy ($X) were the largest motor vehicle air conditioning machine suppliers to Denmark, together accounting for 62% of total imports. Sweden, Germany, Austria, the UK and Belgium lagged somewhat behind, together accounting for a further 32%.

Austria, with a CAGR of +145.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, surging by 6.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 31%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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