Denmark: Chandelier Market 2024

Chandelier Market Size in Denmark

In 2022, after two years of decline, there was significant growth in the Danish chandelier market, when its value increased by 19% to $X. Over the period under review, consumption showed buoyant growth. Chandelier consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chandelier Production in Denmark

In value terms, chandelier production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Chandelier Exports

Exports from Denmark

In 2022, exports of chandeliers from Denmark rose rapidly to X units, picking up by 9.3% against the previous year. Over the period under review, exports, however, showed a pronounced slump. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, chandelier exports shrank to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +35.7% against 2014 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 20% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Norway (X units), Sweden (X units) and Germany (X units) were the main destinations of chandelier exports from Denmark.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chandelier exported from Denmark were Sweden ($X), Norway ($X) and Germany ($X), together accounting for 46% of total exports. The UK, Japan, the United States, France, Belgium, the Netherlands, Finland, Switzerland and Iceland lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Belgium, with a CAGR of +24.0%, saw the highest rates of growth with regard to 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 2022, the average chandelier export price amounted to $X per unit, waning by -14.1% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Belgium ($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 Finland (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into Denmark

In 2022, purchases abroad of chandeliers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chandelier imports fell to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.1% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest chandelier supplier to Denmark, accounting for a 24% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold. The third position in this ranking was taken by Poland (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-3.7% per year) and Poland (+14.9% per year).

In value terms, China ($X) constituted the largest supplier of chandeliers to Denmark, comprising 39% of total imports. The second position in the ranking was taken by Poland ($X), with an 8.7% share of total imports. It was followed by Sweden, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+23.0% per year) and Sweden (-3.0% per year).

Import Prices by Country

The average chandelier import price stood at $X per unit in 2022, shrinking by -34.3% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 113%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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