Denmark: Multimeter Market 2024

Multimeter Market Size in Denmark

The Danish multimeter market fell to $X in 2022, with a decrease of -2.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Multimeter Production in Denmark

In value terms, multimeter production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production 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, production decreased by -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Multimeter Exports

Exports from Denmark

After two years of growth, overseas shipments of multimeters decreased by -10.9% to X units in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 113%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, multimeter exports expanded remarkably to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 134% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Norway (X units) and the UK (X units) were the main destinations of multimeter exports from Denmark, together accounting for 67% of total exports. Taiwan (Chinese), Mexico, the United States, Germany, India, Brazil and China lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +74.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and the United States ($X) constituted the largest markets for multimeter exported from Denmark worldwide, with a combined 83% share of total exports.

Norway, with a CAGR of +40.9%, saw the highest rates of growth with regard to the value of exports, among 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 multimeter export price stood at $X per unit in 2022, rising by 20% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Norway (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Denmark

In 2022, approx. X units of multimeters were imported into Denmark; stabilizing at 2021 figures. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, multimeter imports fell to $X in 2022. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of multimeter to Denmark, with a 30% share of total imports. Moreover, multimeter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Slovenia (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 China stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.1% per year) and Slovenia (+4.6% per year).

In value terms, Slovenia ($X) constituted the largest supplier of multimeters to Denmark, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the UK, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Slovenia stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and the UK (+8.1% per year).

Import Prices by Country

The average multimeter import price stood at $X per unit in 2022, shrinking by -7.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Slovenia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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