Denmark: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Denmark

The Danish trailer and semi-trailer market fell markedly to $X in 2022, with a decrease of -20.7% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Trailer And Semi-Trailer Production in Denmark

In value terms, trailer and semi-trailer production rose remarkably to $X in 2022 estimated in export price. In general, production saw a mild curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Trailer And Semi-Trailer Exports

Exports from Denmark

In 2022, after two years of growth, there was significant decline in shipments abroad of cargo trailers and semi-trailers, when their volume decreased by -9.1% to X units. In general, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, trailer and semi-trailer exports declined to $X in 2022. Over the period under review, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Norway (X units) and Sweden (X units) were the main destinations of trailer and semi-trailer exports from Denmark, together comprising 65% of total exports. The Netherlands, Italy, Lithuania, Poland, Finland, Latvia, the UK and Russia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +54.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Germany ($X) appeared to be the largest markets for trailer and semi-trailer exported from Denmark worldwide, with a combined 53% share of total exports. Poland, the Netherlands, Lithuania, Finland, Italy, Latvia, the UK and Russia lagged somewhat behind, together comprising a further 29%.

Italy, with a CAGR of +36.8%, saw 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

The average trailer and semi-trailer export price stood at $X per unit in 2022, rising by 5.5% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($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 the UK (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Trailer And Semi-Trailer Imports

Imports into Denmark

After two years of growth, supplies from abroad of cargo trailers and semi-trailers decreased by -12.6% to X units in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 44%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, trailer and semi-trailer imports rose markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Poland (X units) and the UK (X units) were the main suppliers of trailer and semi-trailer imports to Denmark, together accounting for 84% of total imports. The Netherlands, Sweden, the Czech Republic and Belgium lagged somewhat behind, together comprising a further 8.7%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +14.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Denmark, comprising 71% of total imports. The second position in the ranking was taken by Poland ($X), with an 8% share of total imports. It was followed by the Netherlands, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+6.5% per year) and the Netherlands (+2.8% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, with an increase of 21% against the previous year. Overall, the import price, however, saw a deep slump. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform