Denmark: Magnetic Card Market 2025

Magnetic Card Market Size in Denmark

The Danish magnetic card market surged to $X in 2021, picking up by 49% against the previous year. Overall, consumption, however, faced a abrupt decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Magnetic Card Production in Denmark

In value terms, magnetic card production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a dramatic decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 649%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Magnetic Card Exports

Exports from Denmark

Magnetic card exports from Denmark declined markedly to X units in 2021, which is down by -37.5% compared with 2020. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 1,429% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic card exports reduced remarkably to $X in 2021. In general, exports saw a deep slump. The growth pace was the most rapid in 2020 when exports increased by 1,075%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for magnetic card exports from Denmark, accounting for a 44% share of total exports. Moreover, magnetic card exports to Sweden exceeded the volume sent to the second major destination, Lithuania (X units), fourfold. Finland (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+5.4% per year) and Finland (-24.2% per year).

In value terms, the largest markets for magnetic card exported from Denmark were Sweden ($X), Lithuania ($X) and Finland ($X), together comprising 64% of total exports. These countries were followed by Luxembourg, Belgium, the UK, Estonia, the Netherlands, Latvia and Brunei Darussalam, which together accounted for a further 28%.

Estonia, with a CAGR of +177.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 magnetic card export price amounted to $X per unit, declining by -22.9% against the previous year. Over the period under review, the export price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2015 an increase of 76% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Sweden ($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 Latvia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into Denmark

Magnetic card imports into Denmark fell dramatically to X units in 2021, which is down by -57.4% on the previous year. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 229%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, magnetic card imports shrank markedly to $X in 2021. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 311% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X units), France (X units) and Turkey (X units) were the main suppliers of magnetic card imports to Denmark, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +204.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest magnetic card suppliers to Denmark were France ($X), the UK ($X) and China ($X), with a combined 66% share of total imports. Turkey, Sweden, Thailand, Norway, Germany, Spain, Italy, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Turkey, with a CAGR of +152.4%, saw the highest growth rate of 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

In 2021, the average magnetic card import price amounted to $X per unit, waning by -29.1% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Spain ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :