Denmark: Memories Market 2025

Memories Market Size in Denmark

After two years of decline, the Danish memories market increased by 58% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Memories Production in Denmark

In value terms, memories production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. Memories production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Memories Exports

Exports from Denmark

For the fourth year in a row, Denmark recorded growth in overseas shipments of multichip integrated circuits: memories, which increased by 103% to X units in 2021. Overall, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, memories exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 67%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X units) was the main destination for memories exports from Denmark, accounting for a 50% share of total exports. Moreover, memories exports to Thailand exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was held by the UK (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to +87.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.6% per year) and the UK (+29.2% per year).

In value terms, Germany ($X) remains the key foreign market for multichip integrated circuits: memories exports from Denmark, comprising 24% of total exports. The second position in the ranking was held by Sweden ($X), with an 8.7% share of total exports. It was followed by Thailand, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+12.5% per year) and Thailand (+66.7% per year).

Export Prices by Country

The average memories export price stood at $X per unit in 2021, dropping by -21.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 an increase of 54% against the previous year. The export price peaked at $X per unit in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Angola (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Denmark

In 2021, purchases abroad of multichip integrated circuits: memories was finally on the rise to reach X units after two years of decline. In general, imports, however, saw a noticeable decline. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, memories imports surged to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, 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.

Imports by Country

The Netherlands (X units), Ireland (X units) and Germany (X units) were the main suppliers of memories imports to Denmark, with a combined 70% share of total imports. Belgium, China, the Philippines, Sweden, South Korea, the United States, Taiwan (Chinese), Malaysia and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +36.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest memories suppliers to Denmark were Germany ($X), the Netherlands ($X) and Ireland ($X), together accounting for 56% of total imports. China, Sweden, Belgium, the United States, Taiwan (Chinese), South Korea, the Philippines, the UK and Malaysia lagged somewhat behind, together accounting for a further 32%.

The Philippines, with a CAGR of +35.7%, saw the highest growth rate of 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 memories import price amounted to $X per unit, picking up by 25% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, memories import price increased by +110.9% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of 27% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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