Denmark: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Denmark

The Danish market for motor vehicle chassis fitted with engines reduced to $X in 2022, declining by -6.1% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.7% against 2020 indices. Consumption of peaked at $X in 2021, and then fell in the following year.

Production of Motor Vehicle Chassis Fitted With Engines in Denmark

In value terms, production of motor vehicle chassis fitted with engines rose modestly to $X in 2022 estimated in export price. In general, production posted a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 1,128%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Denmark

In 2022, overseas shipments of motor vehicle chassis fitted with engines were finally on the rise to reach X units after three years of decline. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 197%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of motor vehicle chassis fitted with engines surged to $X in 2022. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 277% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greenland (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Denmark, accounting for a 52% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Greenland exceeded the volume sent to the second major destination, the UK (X units), threefold. Latvia (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Greenland amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-9.2% per year) and Latvia (+312.3% per year).

In value terms, the UK ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Denmark, comprising 74% of total exports. The second position in the ranking was taken by Latvia ($X), with an 8.2% share of total exports. It was followed by Faroe Islands, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+933.4% per year) and Faroe Islands (+1.0% per year).

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, with an increase of 43% against the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 107%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Japan ($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 Japan (+451.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Denmark

In 2022, overseas purchases of motor vehicle chassis fitted with engines increased by 6.4% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of motor vehicle chassis fitted with engines contracted to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 55%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Denmark, accounting for a 48% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. Latvia (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.6% per year) and Latvia (+130.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Denmark, comprising 63% of total imports. The second position in the ranking was taken by Sweden ($X), with a 27% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.0% per year) and France (+41.6% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, shrinking by -15.1% against the previous year. In general, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 58%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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