Denmark: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Denmark

In 2021, the Danish pyrotechnic articles market decreased by -29.4% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption saw a slight shrinkage. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Pyrotechnic Articles Exports

Exports from Denmark

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were exported from Denmark; which is down by -9% on the previous year's figure. Overall, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pyrotechnic articles exports reached $X in 2021. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 80%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for pyrotechnic articles exports from Denmark, with a 55% share of total exports. Moreover, pyrotechnic articles exports to the UK exceeded the volume sent to the second major destination, Greenland (X tons), fourfold. The third position in this ranking was taken by Norway (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +140.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-11.3% per year) and Norway (+7.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Denmark, comprising 55% of total exports. The second position in the ranking was taken by Faroe Islands ($X), with a 10% share of total exports. It was followed by Norway, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +125.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (-3.2% per year) and Norway (+15.2% per year).

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, growing by 23% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Greenland ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Denmark

In 2021, purchases abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -32.9% to X tons, falling for the third year in a row after four years of growth. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 148% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrotechnic articles imports fell modestly to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 47%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pyrotechnic articles supplier to Denmark, with a 77% share of total imports. Moreover, pyrotechnic articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Switzerland (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +69.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.0% per year) and Switzerland (+135.3% per year).

In value terms, China ($X), Germany ($X) and Switzerland ($X) appeared to be the largest pyrotechnic articles suppliers to Denmark, together accounting for 99% of total imports.

China, with a CAGR of +78.6%, recorded the highest rates of growth with regard to 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

The average pyrotechnic articles import price stood at $X per ton in 2021, rising by 43% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :