Denmark: Domestic Toaster Market 2024

Domestic Toaster Market Size in Denmark

In 2022, after four years of growth, there was significant decline in the Danish domestic toaster market, when its value decreased by -22.7% to $X. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Domestic Toaster Production in Denmark

In value terms, domestic toaster production shrank rapidly to $X in 2022 estimated in export price. In general, production showed a sharp reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 61% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Domestic Toaster Exports

Exports from Denmark

Domestic toaster exports from Denmark fell dramatically to X units in 2022, with a decrease of -45.1% compared with the previous year's figure. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, domestic toaster exports fell notably to $X in 2022. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Tanzania (X units) and Norway (X units) were the main destinations of domestic toaster exports from Denmark, with a combined 45% share of total exports. Germany, Lebanon, Faroe Islands, Iceland, Finland, Ghana, Estonia, Nigeria, the UK and Switzerland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +81.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Germany ($X) constituted the largest markets for domestic toaster exported from Denmark worldwide, together comprising 62% of total exports. Finland, Iceland, Faroe Islands, Tanzania, the UK, Switzerland, Ghana, Lebanon, Estonia and Nigeria lagged somewhat behind, together comprising a further 27%.

Estonia, with a CAGR of +65.4%, recorded the highest growth rate of the value of exports, in terms of 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 2022, the average domestic toaster export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster export price decreased by -10.2% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 37%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Lebanon ($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 (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Toaster Imports

Imports into Denmark

After three years of growth, purchases abroad of domestic electric toasters decreased by -36% to X units in 2022. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, domestic toaster imports reduced sharply to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest domestic toaster supplier to Denmark, accounting for a 59% share of total imports. Moreover, domestic toaster imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. Germany (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.3% per year) and Germany (-4.0% per year).

In value terms, China ($X), Sweden ($X) and Germany ($X) were the largest domestic toaster suppliers to Denmark, together comprising 80% of total imports. Belgium, Portugal and Hong Kong SAR lagged somewhat behind, together accounting for a further 10%.

Portugal, with a CAGR of +121.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average domestic toaster import price stood at $X per unit in 2022, increasing by 23% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster import price increased by +81.4% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Portugal (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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