Denmark: Insulating Fittings Market 2024

Insulating Fittings Market Size in Denmark

The Danish insulating fittings market shrank markedly to $X in 2021, dropping by -95.6% against the previous year. In general, consumption recorded a sharp descent. Insulating fittings consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Insulating Fittings Production in Denmark

In value terms, insulating fittings production dropped dramatically to $X in 2021 estimated in export price. In general, production, however, saw significant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 2,905% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Insulating Fittings Exports

Exports from Denmark

In 2021, approx. X tons of insulating fittings for electrical purposes were exported from Denmark; shrinking by -40.1% against 2020 figures. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 89% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, insulating fittings exports fell to $X in 2021. In general, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 124%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), China (X tons) and Norway (X tons) were the main destinations of insulating fittings exports from Denmark, with a combined 56% 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 China (with a CAGR of +174.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and China ($X) appeared to be the largest markets for insulating fittings exported from Denmark worldwide, with a combined 38% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +153.5%, 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 insulating fittings export price stood at $X per ton in 2021, rising by 43% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insulating fittings export price decreased by -10.1% against 2019 indices. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Spain ($X per ton), while the average price for exports to Finland ($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 Estonia (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Denmark

In 2021, supplies from abroad of insulating fittings for electrical purposes decreased by -17.8% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 106%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, insulating fittings imports rose sharply to $X in 2021. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by 43% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of insulating fittings to Denmark, accounting for a 34% share of total imports. Moreover, insulating fittings imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.6% per year) and Norway (+20.0% per year).

In value terms, the largest insulating fittings suppliers to Denmark were Germany ($X), the UK ($X) and Norway ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Norway, with a CAGR of +21.3%, 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

In 2021, the average insulating fittings import price amounted to $X per ton, rising by 35% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insulating fittings import price increased by +107.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 54%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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