Denmark: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Denmark

The Danish polishes for coachwork market shrank sharply to $X in 2022, with a decrease of -56.7% against the previous year. Overall, consumption showed a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Polishes For Coachwork Production in Denmark

In value terms, polishes for coachwork production fell significantly to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 15,300% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then plummeted in the following year.

Polishes For Coachwork Exports

Exports from Denmark

In 2022, the amount of polishes for coachwork exported from Denmark skyrocketed to X tons, increasing by 17% compared with the previous year's figure. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,053%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, polishes for coachwork exports rose slightly to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 535% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for polishes for coachwork exports from Denmark, accounting for a 65% share of total exports. Moreover, polishes for coachwork exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+105.2% per year) and Norway (+50.5% per year).

In value terms, Sweden ($X) remains the key foreign market for polishes for coachwork exports from Denmark, comprising 58% of total exports. The second position in the ranking was held by Norway ($X), with a 21% share of total exports. It was followed by Finland, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+55.2% per year) and Finland (+105.1% per year).

Export Prices by Country

In 2022, the average polishes for coachwork export price amounted to $X per ton, which is down by -10.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 Norway ($X per ton), while the average price for exports to Finland ($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 Estonia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Denmark

Polishes for coachwork imports into Denmark fell significantly to X tons in 2022, which is down by -23.4% on the previous year. Over the period under review, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 30% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, polishes for coachwork imports fell dramatically to $X in 2022. Overall, imports recorded a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest polishes for coachwork supplier to Denmark, with a 75% share of total imports. Moreover, polishes for coachwork imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), sevenfold. Sweden (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+46.5% per year) and Sweden (-17.4% per year).

In value terms, Germany ($X) constituted the largest supplier of polishes for coachwork to Denmark, comprising 53% of total imports. The second position in the ranking was taken by the UK ($X), with a 15% share of total imports. It was followed by Sweden, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+45.0% per year) and Sweden (-16.0% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, which is down by -16.5% against the previous year. Overall, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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