Denmark: Umbrella Market 2024

Umbrella Market Size in Denmark

For the third consecutive year, the Danish umbrella market recorded growth in sales value, which increased by 6.2% to $X in 2022. In general, consumption showed a strong increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Umbrella Production in Denmark

In value terms, umbrella production reached $X in 2022 estimated in export price. In general, production showed strong growth. The growth pace was the most rapid in 2018 with an increase of 144% against the previous year. Umbrella production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Umbrella Exports

Exports from Denmark

In 2022, the amount of umbrellas exported from Denmark rose notably to X units, increasing by 13% compared with the previous year's figure. Overall, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 36% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella exports rose sharply to $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Sweden (X units), Norway (X units) and Poland (X units) were the main destinations of umbrella exports from Denmark, with a combined 46% share of total exports. The Netherlands, Finland, France, Switzerland, Germany, Belgium, the Czech Republic, Ireland, the UK and Hungary lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +71.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for umbrella exported from Denmark were Sweden ($X), Norway ($X) and the Netherlands ($X), with a combined 53% share of total exports. Ireland, the UK, Germany, Belgium, Finland, Poland, France, Switzerland, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 36%.

The Czech Republic, with a CAGR of +42.0%, recorded the highest rates of growth with regard to the value of exports, among 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

The average umbrella export price stood at $X per unit in 2022, declining by -5.2% against the previous year. Overall, the export price, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2020 an increase of 30% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($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 the UK (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into Denmark

In 2022, supplies from abroad of umbrellas increased by 44% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, umbrella imports amounted to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +105.0% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella to Denmark, with a 69% share of total imports. Moreover, umbrella imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. Sweden (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+27.4% per year) and Sweden (-2.5% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas to Denmark, comprising 66% of total imports. The second position in the ranking was held by Sweden ($X), with an 8.4% share of total imports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+5.8% per year) and the Netherlands (+23.3% per year).

Import Prices by Country

The average umbrella import price stood at $X per unit in 2022, declining by -26.3% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 an increase of 29%. As a result, import price attained the peak level of $X per unit, and then dropped significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform