Denmark: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Denmark

After two years of decline, the Danish hand-woven tapestry market increased by 19% to $X in 2021. Overall, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand-Woven Tapestry Production in Denmark

In value terms, hand-woven tapestry production shrank to $X in 2021 estimated in export price. In general, production posted a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Hand-Woven Tapestry Exports

Exports from Denmark

In 2021, hand-woven tapestry exports from Denmark soared to X kg, increasing by 61% on the year before. In general, exports saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 263,877%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, hand-woven tapestry exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 90,425%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg), Norway (X kg) and Germany (X kg) were the main destinations of hand-woven tapestry exports from Denmark, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +45.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hand-woven tapestry exported from Denmark were the United States ($X), Norway ($X) and Germany ($X), together comprising 73% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +155.7%, saw the highest growth rate of 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

In 2021, the average hand-woven tapestry export price amounted to $X per kg, jumping by 132% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 4,913% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per kg) and the Netherlands ($X per kg), while the average price for exports to Norway ($X per kg) and Poland ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+361.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Woven Tapestry Imports

Imports into Denmark

In 2021, the amount of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais imported into Denmark surged to X tons, increasing by 307% against the year before. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 493%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hand-woven tapestry imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X kg), the United States (X kg) and India (X kg) were the main suppliers of hand-woven tapestry imports to Denmark, together accounting for 87% of total imports. Sweden, the UK and France lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +1,250.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and India ($X) appeared to be the largest hand-woven tapestry suppliers to Denmark, with a combined 66% share of total imports. These countries were followed by Sweden, the UK and France, which together accounted for a further 28%.

Among the main suppliers, the UK, with a CAGR of +8,940.4%, saw 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 hand-woven tapestry import price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 894%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+551.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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