Denmark: Knitted Fabric Market 2025

Knitted Fabric Market Size in Denmark

The Danish knitted fabric market rose markedly to $X in 2021, growing by 14% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knitted Fabric Production in Denmark

In value terms, knitted fabric production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 17%. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in years to come.

Knitted Fabric Exports

Exports from Denmark

In 2021, overseas shipments of knitted or crocheted fabrics increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 30%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, knitted fabric exports surged to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +80.3% against 2015 indices. The growth pace was the most rapid in 2014 when exports increased by 28% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons), Ukraine (X tons) and Mexico (X tons) were the main destinations of knitted fabric exports from Denmark, with a combined 66% 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 Mexico (with a CAGR of +284.5%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Lithuania ($X) appeared to be the largest markets for knitted fabric exported from Denmark worldwide, together accounting for 60% of total exports. These countries were followed by Mexico, Germany, Sweden, Norway, France, Estonia, Latvia and Romania, which together accounted for a further 25%.

Mexico, with a CAGR of +190.4%, recorded the highest growth rate of 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

In 2021, the average knitted fabric export price amounted to $X per ton, surging by 4.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Latvia ($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 France (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Denmark

In 2021, purchases abroad of knitted or crocheted fabrics increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitted fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; 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

Turkey (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of knitted fabric imports to Denmark, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted fabric suppliers to Denmark were Turkey ($X), Ukraine ($X) and the Netherlands ($X), with a combined 61% share of total imports.

Ukraine, with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of imports, among 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 knitted fabric import price amounted to $X per ton, increasing by 8.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 9.8%. The import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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