Plugs and Socket Price in Denmark - 2024

Plugs and Socket Price in Denmark (CIF) - 2022

The average plugs and socket import price stood at $0.3 per unit in 2022, which is down by -28% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum at $0.5 per unit in 2021, and then contracted significantly in the following year.

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 ($0.7 per unit), while the price for Austria ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Plugs and Socket Price in Denmark (FOB) - 2022

The average plugs and socket export price stood at $0.5 per unit in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $0.6 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1 per unit), while the average price for exports to Greenland ($0.2 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 (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plugs and Socket Imports in Denmark

In 2022, plugs and socket imports into Denmark skyrocketed to 368M units, picking up by 48% on the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plugs and socket imports expanded remarkably to $120M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Plugs and Socket in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	38.3	43.9	55.6	50.1	9.4%
China	9.4	10.6	13.4	14.1	14.5%
Belgium	10.7	10.4	11.8	12.4	5.0%
Sweden	5.6	6.6	6.5	6.8	6.7%
Netherlands	2.9	3.0	4.7	6.2	28.8%
France	1.0	0.8	0.8	6.1	82.7%
Poland	4.1	3.9	4.7	4.0	-0.8%
India	0.5	0.4	0.9	3.9	98.3%
Taiwan (Chinese)	8.0	5.9	1.9	2.3	-34.0%
United Kingdom	4.9	3.2	1.1	1.4	-34.1%
Austria	0.7	0.3	0.4	0.9	8.7%
Slovenia	0.2	0.3	0.7	0.8	58.7%
Ireland	4.4	4.0	0.7	0.8	-43.3%
Others	7.1	7.4	9.4	10.3	13.2%
Total	97.7	101	113	120	7.1%

Top Suppliers of Plugs and Socket to Denmark in 2022:

China (91.8M units)
Germany (83.4M units)
Belgium (49.3M units)
Sweden (30.8M units)
Poland (21.7M units)
India (20.4M units)
France (13.9M units)
Netherlands (9.5M units)
Austria (9.2M units)
Slovenia (8.4M units)
Taiwan (Chinese) (5.4M units)
Ireland (4.3M units)
United Kingdom (3.2M units)

Plugs and Socket Exports in Denmark

In 2022, after three years of growth, there was significant decline in shipments abroad of electrical plugs and sockets for under 1000 v, when their volume decreased by -6.7% to 98M units. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. Over the period under review, the exports attained the peak figure at 105M units in 2021, and then dropped in the following year.

In value terms, plugs and socket exports shrank to $51M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of $54M, and then contracted in the following year.

Export of Plugs and Socket in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	7.9	7.8	8.7	8.9	4.1%
United States	6.3	5.8	6.8	7.6	6.5%
Germany	3.6	4.0	6.4	4.9	10.8%
France	4.6	4.1	5.4	2.9	-14.3%
Norway	1.4	1.5	2.3	2.9	27.5%
Poland	5.2	1.6	1.7	2.8	-18.6%
Spain	3.5	3.4	5.2	2.4	-11.8%
Greenland	1.3	1.6	2.2	2.3	20.9%
Netherlands	3.7	2.7	2.7	2.3	-14.7%
United Kingdom	1.5	1.9	1.6	1.6	2.2%
Finland	0.8	0.7	1.0	1.2	14.5%
Faroe Islands	0.2	0.4	0.7	0.9	65.1%
Italy	0.3	0.5	0.9	0.7	32.6%
Others	7.5	8.4	8.8	9.5	8.2%
Total	47.8	44.4	54.3	50.9	2.1%