Denmark: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Denmark

The Danish washing and drying machine market expanded remarkably to $X in 2021, surging by 12% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.3% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Production of Household Washing and Drying Machines in Denmark

In value terms, washing and drying machine production reached $X in 2021 estimated in export price. In general, production continues to indicate significant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 288%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Household Washing and Drying Machines

Exports from Denmark

In 2021, shipments abroad of household washing and drying machines decreased by -7% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016 when exports increased by 115% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, washing and drying machine exports shrank to $X in 2021. Over the period under review, exports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 116% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Norway (X tons) and Lebanon (X tons) were the main destinations of washing and drying machine exports from Denmark, together accounting for 86% of total exports. These countries were followed by Iceland, Kosovo and Finland, which together accounted for a further 9.3%.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +2,739.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for washing and drying machine exported from Denmark were Sweden ($X), Norway ($X) and Iceland ($X), together comprising 93% of total exports. These countries were followed by Finland, Lebanon and Kosovo, which together accounted for a further 2.3%.

Among the main countries of destination, Kosovo, with a CAGR of +66.3%, 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

In 2021, the average washing and drying machine export price amounted to $X per ton, shrinking by -5.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 8.7%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Kosovo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Household Washing and Drying Machines

Imports into Denmark

In 2021, purchases abroad of household washing and drying machines was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, washing and drying machine imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of washing and drying machine to Denmark, accounting for a 45% share of total imports. Moreover, washing and drying machine imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.7% per year) and Turkey (+10.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of household washing and drying machines to Denmark, comprising 54% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Turkey, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.7% per year) and Turkey (+9.6% per year).

Import Prices by Country

The average washing and drying machine import price stood at $X per ton in 2021, rising by 6.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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