Denmark: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Denmark

In 2022, the Danish plaits and basketwork market increased by 16% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, consumption recorded a resilient increase. Plaits and basketwork consumption peaked in 2022 and is expected to retain growth in years to come.

Plaits And Basketwork Production in Denmark

In value terms, plaits and basketwork production amounted to $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 302%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plaits And Basketwork Exports

Exports from Denmark

In 2022, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -12.2% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, plaits and basketwork exports declined rapidly to $X in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Norway (X tons) was the main destination for plaits and basketwork exports from Denmark, with a 27% share of total exports. Moreover, plaits and basketwork exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+10.6% per year) and the Netherlands (+6.5% per year).

In value terms, the largest markets for plaits and basketwork exported from Denmark were Norway ($X), Germany ($X) and Sweden ($X), together accounting for 49% of total exports. The Netherlands, the UK, France, Belgium, Ireland, Poland, Spain, Italy and Finland lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, Belgium, with a CAGR of +42.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, waning by -7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Denmark

After five years of growth, supplies from abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -2.8% to X tons in 2022. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, imports reached the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, plaits and basketwork imports rose rapidly to $X in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Vietnam (X tons) and Poland (X tons) were the main suppliers of plaits and basketwork imports to Denmark, with a combined 62% share of total imports. Indonesia, Sweden, India, Bangladesh and Germany lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaits and basketwork suppliers to Denmark were China ($X), Vietnam ($X) and Indonesia ($X), with a combined 66% share of total imports. Sweden, Poland, Bangladesh, India and Germany lagged somewhat behind, together accounting for a further 23%.

Bangladesh, with a CAGR of +31.9%, 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

The average plaits and basketwork import price stood at $X per ton in 2022, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked in 2022 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 Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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