Report Update Nov 1, 2024

Denmark - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Thermostat Market 2024

Thermostat Market Size in Denmark

In 2021, the Danish thermostat market decreased by -17.3% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, saw buoyant growth. Thermostat consumption peaked at $X in 2020, and then reduced notably in the following year.

Thermostat Production in Denmark

In value terms, thermostat production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 34%. Thermostat production peaked in 2021 and is likely to see gradual growth in years to come.

Thermostat Exports

Exports from Denmark

In 2019, approx. X units of thermostats were exported from Denmark; falling by -99.5% compared with the previous year's figure. Over the period under review, exports saw a significant contraction. The pace of growth was the most pronounced in 2015 with an increase of 124% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2019, the growth of the exports remained at a lower figure.

In value terms, thermostat exports declined to $X in 2019. In general, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 1.6% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for thermostat exports from Denmark, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -15.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for thermostats exports from Denmark.

From 2012 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates stood at +8.8%.

Export Prices by Country

The average thermostat export price stood at $X per unit in 2019, rising by 21,832% against the previous year. Overall, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2019, the rate of growth in terms of prices for Poland amounted to +76.2% per year.

Thermostat Imports

Imports into Denmark

In 2021, the amount of thermostats imported into Denmark contracted remarkably to X units, dropping by -31% on the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 59%. As a result, imports reached the peak of X units, and then shrank markedly in the following year.

In value terms, thermostat imports plummeted to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 59%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

China (X units), Slovakia (X units) and Poland (X units) were the main suppliers of thermostat imports to Denmark, together comprising 50% of total imports. These countries were followed by Romania, Bulgaria, the Netherlands, Malaysia, the Czech Republic, Germany, Slovenia, France, Thailand and the UK, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +186.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat suppliers to Denmark were China ($X), Poland ($X) and Romania ($X), together comprising 53% of total imports. Germany, Bulgaria, Malaysia, Slovenia, the Czech Republic, Slovakia, France, the Netherlands, Thailand and the UK lagged somewhat behind, together accounting for a further 39%.

Bulgaria, with a CAGR of +232.8%, saw 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 thermostat import price stood at $X per unit in 2021, with a decrease of -3.7% against the previous year. Overall, the import price saw a mild setback. The growth pace was the most rapid in 2017 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?

The countries with the highest volumes of in 2021 were China, India and Hong Kong SAR, together comprising 42% of global consumption.

What are the largest producers of thermostats in the world?

China remains the largest thermostat producing country worldwide, accounting for 38% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, twofold. Mexico ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of thermostats to Denmark?

In value terms, the largest thermostat suppliers to Denmark were China, Poland and Romania, together comprising 53% of total imports. These countries were followed by Germany, Bulgaria, the Czech Republic, Slovakia and Hong Kong SAR, which together accounted for a further 30%.

What are the leading importers of thermostats from Denmark?

In value terms, the largest markets for thermostat exported from Denmark were the UK, Germany and Sweden, together accounting for 53% of total exports. These countries were followed by the Netherlands, Poland, Italy, Switzerland, Finland, Lithuania, the Czech Republic, Iceland, Turkey and Spain, which together accounted for a further 33%.

What is the average export price for thermostats in Denmark?

In 2021, the average thermostat export price amounted to $7.6 per unit, approximately equating the previous year.

What is the average import price for thermostats in Denmark?

The average thermostat import price stood at $5.9 per unit in 2021, dropping by -33% against the previous year.

This report provides an in-depth analysis of the thermostat market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26517015 - Electronic thermostats
Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023