Denmark: Automotive Lighting Market 2024

Automotive Lighting Market Size in Denmark

The Danish automotive lighting market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded strong growth. Automotive lighting consumption peaked in 2021 and is expected to retain growth in the near future.

Automotive Lighting Production in Denmark

In value terms, automotive lighting production declined to $X in 2021 estimated in export price. In general, production, however, posted resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 246% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Automotive Lighting Exports

Exports from Denmark

In 2021, shipments abroad of automotive lighting increased by 21% to X units, rising for the fourth year in a row after three years of decline. Overall, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, automotive lighting exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 21%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for automotive lighting exports from Denmark, with a 27% share of total exports. Moreover, automotive lighting exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), twofold. Norway (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-1.9% per year) and Norway (+4.4% per year).

In value terms, Germany ($X) remains the key foreign market for automotive lighting exports from Denmark, comprising 27% of total exports. The second position in the ranking was taken by Sweden ($X), with a 12% share of total exports. It was followed by Norway, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-0.2% per year) and Norway (+6.1% per year).

Export Prices by Country

In 2021, the average automotive lighting export price amounted to $X per unit, shrinking by -1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 when the average export price increased by 40%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and the Netherlands ($X per unit), while the average price for exports to France ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Automotive Lighting Imports

Imports into Denmark

In 2021, supplies from abroad of automotive lighting increased by 58% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, automotive lighting imports soared to $X in 2021. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of automotive lighting to Denmark, with a 33% share of total imports. Moreover, automotive lighting imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.4% per year) and Taiwan (Chinese) (+7.3% per year).

In value terms, Germany ($X) constituted the largest supplier of automotive lighting to Denmark, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Taiwan (Chinese) (+6.2% per year).

Import Prices by Country

In 2021, the average automotive lighting import price amounted to $X per unit, declining by -9.2% against the previous year. Overall, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Poland ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Sweden ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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