Denmark: Wire And Cable Market 2025

Wire And Cable Market Size in Denmark

For the third year in a row, the Danish wire and cable market recorded growth in sales value, which increased by 220% to $X in 2021. Over the period under review, consumption saw a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wire And Cable Production in Denmark

In value terms, wire and cable production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Wire and cable production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wire And Cable Exports

Exports from Denmark

In 2021, after two years of decline, there was significant growth in overseas shipments of insulated wire and cable, when their volume increased by 11% to X tons. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 12% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +21.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of wire and cable exports from Denmark, with a combined 51% share of total exports. These countries were followed by Germany, Finland, the United States, the Netherlands, Poland, China and the Czech Republic, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +21.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Denmark were Sweden ($X), the United States ($X) and Norway ($X), with a combined 37% share of total exports. The UK, Germany, Poland, the Netherlands, Finland, China and the Czech Republic lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, China, with a CAGR of +16.7%, 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

The average wire and cable export price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wire and cable export price increased by +88.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 17%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Finland ($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 the Czech Republic (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Denmark

In 2021, the amount of insulated wire and cable imported into Denmark surged to X tons, with an increase of 30% against the year before. The total import volume increased at an average annual rate of +2.6% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.8% 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

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of wire and cable imports to Denmark, with a combined 47% share of total imports. These countries were followed by Italy, Spain, Finland, Turkey, Lithuania, South Korea, Vietnam, Estonia, the Netherlands and the Czech Republic, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +98.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Sweden ($X) were the largest wire and cable suppliers to Denmark, with a combined 48% share of total imports. These countries were followed by Spain, Italy, the Netherlands, Finland, Turkey, Lithuania, Estonia, Vietnam, South Korea and the Czech Republic, which together accounted for a further 34%.

Lithuania, with a CAGR of +60.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 wire and cable import price amounted to $X per ton, with an increase of 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($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 Netherlands (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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