Denmark: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Denmark

In 2022, the Danish non-combined refrigerator-freezer market increased by 224% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Combined Refrigerator-Freezer Production in Denmark

In value terms, non-combined refrigerator-freezer production contracted to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +60.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 51% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Non-Combined Refrigerator-Freezer Exports

Exports from Denmark

After two years of growth, overseas shipments of household refrigerators and freezers (not combined) decreased by -18.7% to X units in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year. The exports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, non-combined refrigerator-freezer exports dropped remarkably to $X in 2022. In general, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Sweden (X units) was the main destination for non-combined refrigerator-freezer exports from Denmark, with a 29% share of total exports. Moreover, non-combined refrigerator-freezer exports to Sweden exceeded the volume sent to the second major destination, Norway (X units), threefold. Guinea (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.7% per year) and Guinea (+33.8% per year).

In value terms, the largest markets for non-combined refrigerator-freezer exported from Denmark were Norway ($X), Sweden ($X) and Japan ($X), with a combined 36% share of total exports. Ukraine, Germany, the United States, the UK, Belgium, the Netherlands, Finland, Guinea, Lebanon and Cote d'Ivoire lagged somewhat behind, together accounting for a further 28%.

Ukraine, with a CAGR of +41.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, with a decrease of -2.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, 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 the United States ($X per unit), while the average price for exports to Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Denmark

In 2022, after two years of growth, there was significant decline in supplies from abroad of household refrigerators and freezers (not combined), when their volume decreased by -21% to X units. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined significantly in the following year.

In value terms, non-combined refrigerator-freezer imports fell sharply to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of non-combined refrigerator-freezer imports to Denmark, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and Germany ($X) appeared to be the largest non-combined refrigerator-freezer suppliers to Denmark, together comprising 67% of total imports.

In terms of the main suppliers, China, with a CAGR of +5.3%, recorded the highest growth rate of 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

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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