Denmark: Twig Broom Market 2024

Twig Broom Market Size in Denmark

The Danish twig broom market surged to $X in 2021, increasing by 621% against the previous year. In general, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Twig Broom Production in Denmark

In value terms, twig broom production stood at $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 199% against the previous year. Twig broom production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Twig Broom Exports

Exports from Denmark

In 2021, overseas shipments of brooms and brushes of twigs increased by 294% to X units, rising for the second year in a row after five years of decline. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 615%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, twig broom exports surged to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 198% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for twig broom exports from Denmark, accounting for a 29% share of total exports. Moreover, twig broom exports to France exceeded the volume sent to the second major destination, Germany (X units), twofold. Greenland (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +98.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+54.1% per year) and Greenland (+29.0% per year).

In value terms, France ($X), Poland ($X) and Portugal ($X) appeared to be the largest markets for twig broom exported from Denmark worldwide, together comprising 35% of total exports.

In terms of the main countries of destination, Portugal, with a CAGR of +82.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, dropping by -49.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 194% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Faroe Islands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.2%), while the prices for the other major destinations experienced a decline.

Twig Broom Imports

Imports into Denmark

In 2021, the amount of brooms and brushes of twigs imported into Denmark soared to X units, rising by 503% on the previous year's figure. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 896%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, twig broom imports fell to $X in 2021. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 162%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X units), Germany (X units) and China (X units) were the main suppliers of twig broom imports to Denmark, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +279.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twig broom suppliers to Denmark were China ($X), Poland ($X) and Germany ($X), with a combined 69% share of total imports.

Among the main suppliers, Poland, with a CAGR of +123.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twig broom import price stood at less than $X per unit in 2021, reducing by -85.4% against the previous year. Overall, the import price showed a sharp curtailment. The pace of growth was the most pronounced in 2017 an increase of 24%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Syrian Arab Republic (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-31.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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