Denmark: Athletic Footwear Market 2024

Athletic Footwear Market Size in Denmark

In 2022, the Danish athletic footwear market increased by 15% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.4% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Athletic Footwear Exports

Exports from Denmark

In 2022, overseas shipments of athletic footwear increased by 74% to X pairs, rising for the second year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a slight descent. Over the period under review, the exports reached the peak figure at X pairs in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, athletic footwear exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X pairs), Sweden (X pairs) and Germany (X pairs) were the main destinations of athletic footwear exports from Denmark, together accounting for 72% of total exports. Finland, the UK, Poland, France and the Netherlands lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +46.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Germany ($X) appeared to be the largest markets for athletic footwear exported from Denmark worldwide, with a combined 68% share of total exports. Finland, the Netherlands, Poland, France and the UK lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Poland, with a CAGR of +57.7%, recorded the highest rates of growth with regard to 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 athletic footwear export price stood at $X per pair in 2022, reducing by -16.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per pair, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per pair), while the average price for exports to the UK ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Denmark

Athletic footwear imports into Denmark surged to X pairs in 2022, with an increase of 42% on the previous year. In general, 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 increased by +74.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, athletic footwear imports soared to $X in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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 2022, China (X pairs) constituted the largest supplier of athletic footwear to Denmark, accounting for a 38% share of total imports. Moreover, athletic footwear imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X pairs), twofold. The third position in this ranking was taken by Germany (X pairs), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.7% per year) and Germany (+5.5% per year).

In value terms, Belgium ($X), Germany ($X) and Vietnam ($X) were the largest athletic footwear suppliers to Denmark, with a combined 50% share of total imports. China, the Netherlands, Sweden, France, Cambodia and Indonesia lagged somewhat behind, together accounting for a further 38%.

Sweden, with a CAGR of +12.7%, saw 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

In 2022, the average athletic footwear import price amounted to $X per pair, falling by -10% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the maximum at $X per pair in 2020; however, from 2021 to 2022, 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 France ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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