Denmark: Spark Plug Market 2024

Spark Plug Market Size in Denmark

The Danish spark plug market dropped markedly to $X in 2022, which is down by -74.6% against the previous year. Overall, consumption recorded a slight downturn. Over the period under review, the market attained the maximum level at $X in 2021, and then fell dramatically in the following year.

Spark Plug Production in Denmark

In value terms, spark plug production reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 206% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Spark Plug Exports

Exports from Denmark

In 2022, overseas shipments of sparking plugs increased by 214% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 1,729% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, spark plug exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,537%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Germany (X units) and the United States (X units) were the main destinations of spark plug exports from Denmark, together comprising 47% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +148.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spark plug exported from Denmark were China ($X), Germany ($X) and the United States ($X), together comprising 47% of total exports.

China, with a CAGR of +147.6%, recorded the highest growth rate of 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 2022, the average spark plug export price amounted to $X per unit, dropping by -54.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 80%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per unit) and Norway ($X per unit), while the average price for exports to Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.1%), while the prices for the other major destinations experienced a decline.

Spark Plug Imports

Imports into Denmark

In 2022, approx. X units of sparking plugs were imported into Denmark; jumping by 28% compared with 2021. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, spark plug imports reduced to $X in 2022. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest spark plug supplier to Denmark, with a 63% share of total imports. Moreover, spark plug imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), eightfold. Japan (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.9% per year) and Japan (+60.6% per year).

In value terms, Germany ($X) constituted the largest supplier of sparking plugs to Denmark, comprising 63% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7.6% share of total imports. It was followed by Japan, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.7% per year) and Japan (+68.4% per year).

Import Prices by Country

In 2022, the average spark plug import price amounted to $X per unit, which is down by -28.4% against the previous year. In general, the import price, however, posted pronounced growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 34%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and the Netherlands ($X per unit), while the price for Sweden ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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