Denmark: Radiator Market 2025

Radiator Market Size in Denmark

In 2022, the Danish radiator market decreased by -22.4% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then contracted remarkably in the following year.

Radiator Production in Denmark

In value terms, radiator production skyrocketed to $X in 2022 estimated in export price. In general, production showed a deep slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Radiator Exports

Exports from Denmark

In 2022, overseas shipments of radiators for central heating (not electrically heated) were finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, continue to indicate a deep reduction. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, radiator exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for radiator exports from Denmark, with a 54% share of total exports. Moreover, radiator exports to Norway exceeded the volume sent to the second major destination, Faroe Islands (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+9.8% per year) and the UK (-27.3% per year).

In value terms, the largest markets for radiator exported from Denmark were Norway ($X), the UK ($X) and Faroe Islands ($X), with a combined 78% share of total exports.

Faroe Islands, with a CAGR of +8.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average radiator export price stood at $X per ton in 2022, waning by -2.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into Denmark

In 2022, overseas purchases of radiators for central heating (not electrically heated) decreased by -24.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded a mild expansion. The pace of growth appeared the most rapid in 2019 with an increase of 51% against the previous year. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, radiator imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest radiator supplier to Denmark, with a 65% share of total imports. Moreover, radiator imports from Turkey exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+3.4% per year) and the Netherlands (+8.4% per year).

In value terms, the largest radiator suppliers to Denmark were Turkey ($X), Finland ($X) and the Netherlands ($X), with a combined 78% share of total imports. The UK, Germany, Belgium and Poland lagged somewhat behind, together accounting for a further 8.7%.

Among the main suppliers, the UK, with a CAGR of +29.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radiator import price stood at $X per ton in 2022, picking up by 9.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 the UK ($X per ton), while the price for Turkey ($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 (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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