Denmark: Table Flatware Market 2024

Table Flatware Market Size in Denmark

In 2022, the Danish table flatware market increased by 0.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Table Flatware Production in Denmark

In value terms, table flatware production soared to $X in 2022 estimated in export price. In general, production recorded a sharp decrease. Table flatware production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Table Flatware Exports

Exports from Denmark

In 2022, shipments abroad of table flatware increased by 10% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, table flatware exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports attained the peak of $X, and then dropped slightly in the following year.

Exports by Country

Sweden (X tons), Norway (X tons) and Germany (X tons) were the main destinations of table flatware exports from Denmark, together accounting for 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +12.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for table flatware exports from Denmark, comprising 42% of total exports. The second position in the ranking was held by Norway ($X), with an 18% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-2.2% per year) and Germany (+12.3% per year).

Export Prices by Country

In 2022, the average table flatware export price amounted to $X per ton, reducing by -10.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The export price peaked at $X per ton in 2021, 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 United States ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into Denmark

In 2022, the amount of table flatware imported into Denmark fell slightly to X tons, waning by -3.8% compared with the previous year. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, table flatware imports expanded notably to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of table flatware to Denmark, accounting for a 62% share of total imports. Moreover, table flatware imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. The third position in this ranking was taken by Germany (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.5% per year) and Germany (-1.0% per year).

In value terms, China ($X) constituted the largest supplier of table flatware to Denmark, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with an 8.9% share of total imports. It was followed by Sweden, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Sweden (-4.4% per year).

Import Prices by Country

The average table flatware import price stood at $X per ton in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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