Denmark: Smoothing Iron Market 2024

Smoothing Iron Market Size in Denmark

In 2021, after two years of growth, there was significant decline in the Danish smoothing iron market, when its value decreased by -20.8% to $X. Over the period under review, consumption recorded a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Smoothing Iron Production in Denmark

In value terms, smoothing iron production declined dramatically to $X in 2021 estimated in export price. In general, production faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 37%. Smoothing iron production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Smoothing Iron Exports

Exports from Denmark

In 2021, the amount of electric smoothing irons exported from Denmark surged to X units, picking up by 21% on 2020 figures. Over the period under review, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 60%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, smoothing iron exports surged to $X in 2021. In general, exports, however, showed a abrupt descent. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Sweden (X units) and Norway (X units) were the main destinations of smoothing iron exports from Denmark, with a combined 72% share of total exports. These countries were followed by the United States, Bulgaria, Finland and Faroe Islands, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +203.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric smoothing irons exports from Denmark, comprising 44% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports. It was followed by Norway, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-13.6% per year) and Norway (-4.0% per year).

Export Prices by Country

In 2021, the average smoothing iron export price amounted to $X per unit, rising by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Bulgaria ($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 Myanmar (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Denmark

After two years of growth, overseas purchases of electric smoothing irons decreased by -19.9% to X units in 2021. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, smoothing iron imports shrank to $X in 2021. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by 31%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of smoothing iron imports to Denmark, with a combined 89% share of total imports. The Netherlands, Poland, Spain and France lagged somewhat behind, together accounting for a further 8.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of electric smoothing irons to Denmark, comprising 51% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.0% per year) and Germany (-11.2% per year).

Import Prices by Country

In 2021, the average smoothing iron import price amounted to $X per unit, picking up by 13% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a 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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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