Denmark: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in Denmark

In 2021, the Danish copper sanitary ware market increased by 26% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Copper Sanitary Ware Exports

Exports from Denmark

For the third year in a row, Denmark recorded decline in overseas shipments of sanitary ware and parts of copper, which decreased by -24.6% to X tons in 2021. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 134%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, copper sanitary ware exports shrank to $X in 2021. Overall, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of copper sanitary ware exports from Denmark, together accounting for 42% of total exports. Finland, Estonia, the Netherlands, Faroe Islands, the UK, Switzerland, Belgium, Iceland, Australia and Austria lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +23.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper sanitary ware exported from Denmark were Germany ($X), Norway ($X) and Sweden ($X), together comprising 41% of total exports. These countries were followed by Switzerland, Estonia, the UK, Finland, Belgium, the Netherlands, Australia, Faroe Islands, Austria and Iceland, which together accounted for a further 48%.

In terms of the main countries of destination, Australia, with a CAGR of +23.9%, saw 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

The average copper sanitary ware export price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 70%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Sanitary Ware Imports

Imports into Denmark

In 2021, supplies from abroad of sanitary ware and parts of copper increased by 10% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 27% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, copper sanitary ware imports surged to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +47.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 53%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest copper sanitary ware supplier to Denmark, accounting for a 77% share of total imports. Moreover, copper sanitary ware imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and Poland (-41.1% per year).

In value terms, Germany ($X) constituted the largest supplier of sanitary ware and parts of copper to Denmark, comprising 86% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.9% per year) and Poland (-40.5% per year).

Import Prices by Country

The average copper sanitary ware import price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 when the average import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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