Denmark: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Denmark

The Danish metal-reinforced rubber hose market reduced to $X in 2022, dropping by -10.9% against the previous year. Over the period under review, consumption, however, enjoyed a remarkable increase. Metal-reinforced rubber hose consumption peaked at $X in 2021, and then dropped in the following year.

Metal-Reinforced Rubber Hose Production in Denmark

In value terms, metal-reinforced rubber hose production skyrocketed to $X in 2022 estimated in export price. In general, production showed a temperate increase. The growth pace was the most rapid in 2021 when the production volume increased by 97%. Metal-reinforced rubber hose production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Denmark

Metal-reinforced rubber hose exports from Denmark contracted to X tons in 2022, with a decrease of -8.1% compared with the year before. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 203% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports contracted to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 66% against the previous year. Over the period under review, the exports attained the peak figure 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 metal-reinforced rubber hose exports from Denmark, accounting for a 43% share of total exports. Moreover, metal-reinforced rubber hose exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was held by Faroe Islands (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-0.6% per year) and Faroe Islands (+23.1% per year).

In value terms, Norway ($X) remains the key foreign market for rubber hose reinforced with metal exports from Denmark, comprising 35% of total exports. The second position in the ranking was held by Sweden ($X), with a 10% share of total exports. It was followed by the UK, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-8.8% per year) and the UK (+8.8% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, rising by 6.6% against the previous year. In general, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to the Czech Republic ($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 Iceland (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Denmark

In 2022, approx. X tons of rubber hose reinforced with metal were imported into Denmark; waning by -7.3% against 2021. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports reduced to $X in 2022. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Italy (X tons), Luxembourg (X tons) and Austria (X tons) were the main suppliers of metal-reinforced rubber hose imports to Denmark, together comprising 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +267.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Italy ($X) and Luxembourg ($X) constituted the largest metal-reinforced rubber hose suppliers to Denmark, with a combined 62% share of total imports.

Among the main suppliers, Luxembourg, with a CAGR of +254.7%, saw the highest rates of growth with regard to 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 metal-reinforced rubber hose import price stood at $X per ton in 2022, declining by -5.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Sweden ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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