Denmark: Footwear Treatments Market 2024

Footwear Treatments Market Size in Denmark

The Danish footwear treatments market expanded significantly to $X in 2022, with an increase of 12% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +31.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in Denmark

In value terms, footwear treatments production soared to $X in 2022 estimated in export price. Overall, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 190% against the previous year. Footwear treatments production peaked in 2022 and is likely to continue growth in the near future.

Footwear Treatments Exports

Exports from Denmark

In 2022, the amount of polishes and creams for footwear or leather exported from Denmark surged to X tons, growing by 39% compared with the year before. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, footwear treatments exports soared to $X in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for footwear treatments exports from Denmark, accounting for a 41% share of total exports. Moreover, footwear treatments exports to Russia exceeded the volume sent to the second major destination, Poland (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+22.1% per year) and Sweden (+11.1% per year).

In value terms, Russia ($X) emerged as the key foreign market for polishes and creams for footwear or leather exports from Denmark, comprising 46% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Norway, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+22.8% per year) and Norway (-9.8% per year).

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, which is down by -8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 6.9%. Over the period under review, the average export prices reached the maximum 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 Australia ($X per ton), while the average price for exports to Sweden ($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 Germany (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Treatments Imports

Imports into Denmark

In 2022, approx. X tons of polishes and creams for footwear or leather were imported into Denmark; with an increase of 55% on 2021. Overall, imports, however, continue to indicate a mild downturn. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and Turkey (X tons) were the main suppliers of footwear treatments imports to Denmark, with a combined 65% share of total imports. France, Belgium, Poland, Spain, the Netherlands and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and France ($X) appeared to be the largest footwear treatments suppliers to Denmark, together comprising 63% of total imports.

France, with a CAGR of +44.7%, recorded 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

The average footwear treatments import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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