Denmark: Tyre Market 2024

Tyre Market Size in Denmark

The Danish tyre market totaled $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Tyre Production in Denmark

In value terms, tyre production reduced to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Tyre production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tyre Exports

Exports from Denmark

After three years of decline, overseas shipments of tyres increased by X% to X units in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tyre exports surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Norway (X units) and Germany (X units) were the main destinations of tyre exports from Denmark, with a combined X% share of total exports. Finland, the Netherlands, Poland, Italy, Slovenia, Iceland, Faroe Islands, France, Austria and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the Netherlands ($X) and Sweden ($X) appeared to be the largest markets for tyre exported from Denmark worldwide, with a combined X% share of total exports. Norway, Faroe Islands, Slovenia, Finland, Poland, Iceland, Italy, Austria, France and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Slovenia, with a CAGR of X%, saw the highest growth rate of 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 tyre export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then declined dramatically in the following year.

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 Faroe Islands ($X per unit), while the average price for exports to Finland ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into Denmark

Tyre imports into Denmark amounted to X units in 2022, growing by X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tyre imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X units), China (X units) and Sweden (X units) were the main suppliers of tyre imports to Denmark, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average tyre import price amounted to $X per unit, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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