Denmark: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Denmark

The Danish motor vehicle radiator market rose slightly to $X in 2022, with an increase of 3.8% against the previous year. Overall, consumption, however, recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Motor Vehicle Radiator Production in Denmark

In value terms, motor vehicle radiator production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 23%. Motor vehicle radiator production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports from Denmark

In 2022, the amount of radiators for motor vehicles exported from Denmark dropped to X units, with a decrease of -6.9% on 2021 figures. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports declined significantly to $X in 2022. In general, exports showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Poland (X units) and Spain (X units) were the main destinations of motor vehicle radiator exports from Denmark, together accounting for 29% of total exports. The United States, France, Sweden, the Netherlands, the UK, Turkey, Italy, Finland, Belgium and Greece lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +25.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Sweden ($X) appeared to be the largest markets for motor vehicle radiator exported from Denmark worldwide, together comprising 27% of total exports. France, the United States, Turkey, Spain, the UK, the Netherlands, Italy, Finland, Belgium and Greece lagged somewhat behind, together comprising a further 45%.

Greece, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average motor vehicle radiator export price amounted to $X per unit, which is down by -22.6% against the previous year. Overall, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 6.1%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per unit) and Finland ($X per unit), while the average price for exports to Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.2%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Radiator Imports

Imports into Denmark

In 2022, supplies from abroad of radiators for motor vehicles increased by 6% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, motor vehicle radiator imports expanded rapidly to $X in 2022. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovakia (X units), China (X units) and Poland (X units) were the main suppliers of motor vehicle radiator imports to Denmark, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +22.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Slovakia ($X) and Poland ($X) constituted the largest motor vehicle radiator suppliers to Denmark, together accounting for 84% of total imports.

Poland, with a CAGR of +20.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average motor vehicle radiator import price stood at $X per unit in 2022, growing by 2.7% against the previous year. Overall, the import price, however, showed a abrupt setback. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform