Denmark: Festive Articles Market 2024

Festive Articles Market Size in Denmark

The Danish festive articles market contracted sharply to $X in 2022, declining by -21% against the previous year. Overall, consumption, however, posted prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Festive Articles Production in Denmark

In value terms, festive articles production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.9% against the previous year. Festive articles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Festive Articles Exports

Exports from Denmark

In 2022, the amount of festive or carnival articles exported from Denmark skyrocketed to X tons, growing by 51% against the previous year. In general, exports, however, saw a drastic downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, festive articles exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons), Germany (X tons) and Norway (X tons) were the main destinations of festive articles exports from Denmark, together accounting for 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +20.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) constituted the largest markets for festive articles exported from Denmark worldwide, together accounting for 80% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +19.0%, recorded 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

The average festive articles export price stood at $X per ton in 2022, dropping by -21.6% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 52%. The export price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into Denmark

In 2022, approx. X tons of festive or carnival articles were imported into Denmark; surging by 13% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, festive articles imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +15.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 51%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of festive articles to Denmark, with a 50% share of total imports. Moreover, festive articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Poland (+42.2% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Denmark, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Poland (+44.0% per year).

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, shrinking by -4.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 27%. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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