Denmark: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Denmark

In 2022, the Danish market for spray guns and similar appliances decreased by -11.7% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +98.0% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Production of Spray Guns And Similar Appliances in Denmark

In value terms, spray guns and similar appliances production contracted to $X in 2022 estimated in export price. Overall, production showed a slight decline. The growth pace was the most rapid in 2016 when the production volume increased by 28%. Spray guns and similar appliances production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports from Denmark

In 2022, after two years of growth, there was significant decline in overseas shipments of spray guns and similar appliances, when their volume decreased by -23.2% to X units. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 91%. Over the period under review, the exports hit record highs at X units in 2021, and then fell significantly in the following year.

In value terms, spray guns and similar appliances exports dropped to $X in 2022. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 120%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units), Norway (X units) and the UK (X units) were the main destinations of spray guns and similar appliances exports from Denmark, together accounting for 50% of total exports. Germany, Faroe Islands, Finland, China, Spain, Iceland, Saudi Arabia, Brazil, France and Estonia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +135.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from Denmark were Norway ($X), Sweden ($X) and Germany ($X), together comprising 39% of total exports. The UK, Saudi Arabia, France, China, Finland, Faroe Islands, Iceland, Spain, Brazil and Estonia lagged somewhat behind, together comprising a further 38%.

Brazil, with a CAGR of +114.4%, 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 export price for spray guns and similar appliances amounted to $X per unit, picking up by 17% against the previous year. In general, the export price, however, recorded a perceptible descent. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Denmark

In 2022, overseas purchases of spray guns and similar appliances decreased by -14.1% to X units for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +59.9% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, spray guns and similar appliances imports plummeted to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +62.7% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of spray guns and similar appliances imports to Denmark, with a combined 65% share of total imports. Sweden, the Netherlands, Belgium, Taiwan (Chinese), the UK and Hungary lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spray guns and similar appliances suppliers to Denmark were Germany ($X), Belgium ($X) and the Netherlands ($X), together comprising 63% of total imports.

Belgium, with a CAGR of +16.6%, recorded the highest growth rate of 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 import price for spray guns and similar appliances stood at $X per unit in 2022, with a decrease of -5.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 13%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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