Denmark: Relay Market 2024

Relay Market Size in Denmark

In 2022, after three years of decline, there was growth in the Danish relay market, when its value increased by 3.7% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Relay consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Relay Production in Denmark

In value terms, relay production soared to $X in 2022 estimated in export price. Overall, production, however, saw a dramatic decline. The growth pace was the most rapid in 2018 with an increase of 288% against the previous year. Relay production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Relay Exports

Exports from Denmark

Relay exports from Denmark declined to X units in 2022, therefore, remained relatively stable against 2021. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, relay exports reduced to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units) was the main destination for relay exports from Denmark, with a 25% share of total exports. Moreover, relay exports to Poland exceeded the volume sent to the second major destination, the United States (X units), threefold. Germany (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.0% per year) and Germany (-3.6% per year).

In value terms, the largest markets for relay exported from Denmark were Poland ($X), the United States ($X) and Germany ($X), with a combined 33% share of total exports. Thailand, Finland, India, Sweden, Norway, Mexico, the UK, Romania, Spain and Turkey lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, India, with a CAGR of +52.4%, 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 relay export price stood at $X per unit in 2022, waning by -11.8% against the previous year. Overall, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 Finland ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Denmark

In 2022, supplies from abroad of relays increased by 3.5% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, relay imports fell modestly to $X in 2022. Overall, imports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 13% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of relay to Denmark, accounting for a 45% share of total imports. Moreover, relay imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+0.6% per year) and Germany (-0.2% per year).

In value terms, the largest relay suppliers to Denmark were Sweden ($X), Germany ($X) and China ($X), together accounting for 66% of total imports.

China, with a CAGR of +11.8%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, declining by -6.1% against the previous year. In general, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 7.8%. As a result, import price attained the peak level of $X per unit. From 2015 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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