Denmark: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Denmark

In 2022, the Danish outboard boat motors market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Outboard Boat Motors Production in Denmark

In value terms, outboard boat motors production reached $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Outboard Boat Motors Exports

Exports from Denmark

After two years of decline, overseas shipments of outboard motors for marine propulsion increased by X% to X units in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, outboard boat motors exports expanded slightly to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Greenland (X units) was the main destination for outboard boat motors exports from Denmark, with a X% share of total exports. Moreover, outboard boat motors exports to Greenland exceeded the volume sent to the second major destination, Iceland (X units), fourfold. Faroe Islands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greenland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Faroe Islands (X% per year).

In value terms, Greenland ($X) remains the key foreign market for outboard motors for marine propulsion exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Iceland ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greenland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the average outboard boat motors export price amounted to $X per unit, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

Outboard Boat Motors Imports

Imports into Denmark

In 2022, overseas purchases of outboard motors for marine propulsion decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, outboard boat motors imports shrank significantly to $X in 2022. Overall, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of outboard boat motors to Denmark, with a X% share of total imports. Moreover, outboard boat motors imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Japan (X% per year).

In value terms, Belgium ($X), Germany ($X) and Japan ($X) were the largest outboard boat motors suppliers to Denmark, with a combined X% share of total imports. France, Thailand, Italy and China lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average outboard boat motors import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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