Denmark: Invalid Carriage Market 2024

Invalid Carriage Market Size in Denmark

The Danish invalid carriage market soared to $X in 2022, picking up by 261% against the previous year. Overall, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Invalid Carriage Production in Denmark

In value terms, invalid carriage production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Invalid Carriage Exports

Exports from Denmark

In 2022, overseas shipments of invalid carriages not mechanically propelled decreased by -33.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 2013 when exports increased by 60%. Over the period under review, the exports hit record highs at X units in 2021, and then declined markedly in the following year.

In value terms, invalid carriage exports contracted notably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 21% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and Finland (X units) were the main destinations of invalid carriage exports from Denmark, together accounting for 55% of total exports. Italy, Austria, the UK, Sweden, Qatar, Latvia, Australia, Norway, the Netherlands and Poland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +85.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Finland ($X) appeared to be the largest markets for invalid carriage exported from Denmark worldwide, together accounting for 59% of total exports. The UK, Italy, Austria, Latvia, the Netherlands, Sweden, Australia, Norway, Qatar and Poland lagged somewhat behind, together accounting for a further 32%.

Latvia, with a CAGR of +101.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 invalid carriage export price stood at $X per unit in 2022, rising by 11% against the previous year. In general, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 47%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Qatar ($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 Latvia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Denmark

Invalid carriage imports into Denmark skyrocketed to X units in 2022, with an increase of 58% on the previous year. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, 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.

In value terms, invalid carriage imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest invalid carriage supplier to Denmark, accounting for a 53% share of total imports. Moreover, invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.5% per year) and Taiwan (Chinese) (+18.4% per year).

In value terms, the largest invalid carriage suppliers to Denmark were China ($X), Sweden ($X) and Taiwan (Chinese) ($X), with a combined 81% share of total imports. Germany, Poland and the Netherlands lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, Poland, with a CAGR of +22.9%, 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 invalid carriage import price stood at $X per unit in 2022, dropping by -18.3% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained 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 the Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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