Denmark: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Denmark

The Danish passenger car tyre market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports from Denmark

In 2021, the amount of tyres for motor cars exported from Denmark fell to X units, declining by -11.6% against 2020. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 112% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, passenger car tyre exports expanded notably to $X in 2021. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 72%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Italy (X units) and Faroe Islands (X units) were the main destinations of passenger car tyre exports from Denmark, together comprising 47% of total exports. These countries were followed by Poland, Germany, Norway, Hungary, Belgium, France, Slovenia, Austria, Iceland and Spain, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +83.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for tyres for motor cars exports from Denmark, comprising 30% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by Faroe Islands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.2% per year) and Faroe Islands (+2.8% per year).

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, increasing by 20% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.0%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into Denmark

In 2021, imports of tyres for motor cars into Denmark expanded markedly to X units, growing by 12% on the year before. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car tyre imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest passenger car tyre supplier to Denmark, with a 49% share of total imports. Moreover, passenger car tyre imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Sweden (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.6% per year) and Sweden (+23.9% per year).

In value terms, Germany ($X) constituted the largest supplier of tyres for motor cars to Denmark, comprising 58% of total imports. The second position in the ranking was held by Sweden ($X), with a 9.9% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+28.7% per year) and the Netherlands (+9.2% per year).

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, with an increase of 9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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