Denmark: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Denmark

The Danish market for wiring sets used in vehicles, aircraft or ships expanded significantly to $X in 2022, picking up by 9.1% against the previous year. In general, consumption continues to indicate a prominent increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Denmark

In value terms, production of wiring sets used in vehicles, aircraft or ships rose notably to $X in 2022 estimated in export price. In general, production enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 92%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Denmark

In 2022, the amount of wiring sets used in vehicles, aircraft or ships exported from Denmark skyrocketed to X tons, growing by 17% on the previous year. In general, exports recorded a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 70% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of wiring sets used in vehicles, aircraft or ships rose markedly to $X in 2022. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 45%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Denmark, accounting for a 27% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+117.0% per year) and Sweden (+20.6% per year).

In value terms, Germany ($X), the United States ($X) and Sweden ($X) constituted the largest markets for wiring sets used in vehicles, aircraft or ships exported from Denmark worldwide, with a combined 46% share of total exports. Austria, Norway, Singapore, Hungary, Russia, Poland, Finland, Italy, Spain and China lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Austria, with a CAGR of +106.6%, recorded 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

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, waning by -6.5% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wiring sets used in vehicles, aircraft or ships increased by +41.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to Spain ($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 Norway (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Denmark

For the third consecutive year, Denmark recorded growth in overseas purchases of wiring sets used in vehicles, aircraft or ships, which increased by 17% to X tons in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 60%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of wiring sets used in vehicles, aircraft or ships contracted to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +12.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

Slovenia (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Denmark, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +107.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Denmark were Germany ($X), Slovenia ($X) and Sweden ($X), together accounting for 48% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +113.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, waning by -20.3% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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