Denmark: Safety Headgear Market 2024

Safety Headgear Market Size in Denmark

The Danish safety headgear market surged to $X in 2021, growing by 42% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.7% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Safety Headgear Production in Denmark

In value terms, safety headgear production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 303% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Safety Headgear Exports

Exports from Denmark

In 2021, after two years of growth, there was significant decline in overseas shipments of safety headgear, when their volume decreased by -20.4% to X units. Overall, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 141% against the previous year. As a result, the exports attained the peak of X units, and then dropped markedly in the following year.

In value terms, safety headgear exports reached $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X units), Norway (X units) and Germany (X units) were the main destinations of safety headgear exports from Denmark, together accounting for 56% of total exports. The Netherlands, France, Finland, Poland, the United States, Austria, the UK, Ireland and Belgium lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +52.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety headgear exported from Denmark were Sweden ($X), Norway ($X) and Germany ($X), with a combined 60% share of total exports. These countries were followed by the United States, the Netherlands, Finland, France, the UK, Poland, Austria, Ireland and Belgium, which together accounted for a further 29%.

Among the main countries of destination, the United States, with a CAGR of +63.5%, recorded the highest growth rate of 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

In 2021, the average safety headgear export price amounted to $X per unit, surging by 36% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The growth pace was the most rapid in 2014 an increase of 54% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Headgear Imports

Imports into Denmark

In 2021, approx. X units of safety headgear were imported into Denmark; with an increase of 22% against the previous year. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, safety headgear imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.6% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Sweden (X units) were the main suppliers of safety headgear imports to Denmark, with a combined 62% share of total imports. These countries were followed by Germany, France, Hong Kong SAR, Spain and the UK, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +114.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest safety headgear suppliers to Denmark were China ($X), Germany ($X) and Italy ($X), together accounting for 58% of total imports. These countries were followed by Sweden, France, Hong Kong SAR, Spain and the UK, which together accounted for a further 29%.

Hong Kong SAR, with a CAGR of +130.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average safety headgear import price amounted to $X per unit, surging by 5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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