Denmark: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Denmark

In 2021, the Danish market for electro-thermic appliances or domestic purposes increased by 67% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Denmark

In value terms, electro-thermic appliances or domestic purposes production dropped modestly to $X in 2021 estimated in export price. In general, production showed significant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 635%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Denmark

In 2021, overseas shipments of electro-thermic appliances or domestic purposes increased by 95% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), Germany (X units) and Norway (X units) were the main destinations of electro-thermic appliances or domestic purposes exports from Denmark, together accounting for 73% of total exports. Belgium, the Netherlands, Poland, France, Finland, Iceland and Faroe Islands lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +45.9%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Denmark, comprising 38% of total exports. The second position in the ranking was taken by Norway ($X), with an 18% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+24.3% per year) and Germany (+22.0% per year).

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, waning by -27.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 34%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Belgium ($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 Finland (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Denmark

In 2021, imports of electro-thermic appliances or domestic purposes into Denmark surged to X units, with an increase of 109% compared with the year before. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Denmark, with a 60% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. The third position in this ranking was held by Germany (X units), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+29.1% per year) and Germany (+15.0% per year).

In value terms, the largest electro-thermic appliances or domestic purposes suppliers to Denmark were China ($X), Sweden ($X) and Germany ($X), together comprising 88% of total imports.

Among the main suppliers, China, with a CAGR of +14.9%, 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

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, reducing by -28.5% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 2.5% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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