Denmark: Screwdriver Market 2025

Screwdriver Market Size in Denmark

The Danish screwdriver market soared to $X in 2021, with an increase of 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +19.3% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Screwdriver Exports

Exports from Denmark

In 2021, the amount of screwdrivers exported from Denmark reduced to X tons, approximately mirroring the previous year. Overall, exports showed a noticeable decrease. The growth pace was the most rapid in 2014 when exports increased by 79% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, screwdriver exports contracted to $X in 2021. In general, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 when exports increased by 27%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for screwdriver exports from Denmark, with a 27% share of total exports. Moreover, screwdriver exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.0% per year) and Poland (+51.6% per year).

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) were the largest markets for screwdriver exported from Denmark worldwide, with a combined 44% share of total exports. Norway, the UK, Poland, Faroe Islands, Finland and the Czech Republic lagged somewhat behind, together accounting for a further 36%.

Poland, with a CAGR of +48.8%, saw 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 2021, the average screwdriver export price amounted to $X per ton, with a decrease of -11.9% against the previous year. Overall, the export price, however, saw slight growth. The pace of growth was the most pronounced in 2018 an increase of 42% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Finland ($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 Norway (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Denmark

In 2021, approx. X tons of screwdrivers were imported into Denmark; picking up by 30% against the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +10.8% 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 +36.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 55% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, screwdriver imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest screwdriver supplier to Denmark, accounting for a 68% share of total imports. Moreover, screwdriver imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Sweden (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and Sweden (+1.5% per year).

In value terms, Germany ($X) constituted the largest supplier of screwdrivers to Denmark, comprising 49% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by Sweden, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+59.7% per year) and Sweden (-9.0% per year).

Import Prices by Country

The average screwdriver import price stood at $X per ton in 2021, which is down by -8.4% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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