Denmark: Domestic Appliances Market 2024

Domestic Appliances Market Size in Denmark

For the sixth year in a row, the Danish domestic appliances market recorded growth in sales value, which increased by 9.9% to $X in 2021. The market value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Domestic appliances consumption peaked in 2021 and is expected to retain growth in years to come.

Domestic Appliances Production in Denmark

In value terms, domestic appliances production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Domestic Appliances Exports

Exports from Denmark

In 2021, shipments abroad of domestic appliances was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, domestic appliances exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X units), Norway (X units) and China (X units) were the main destinations of domestic appliances exports from Denmark, together comprising 61% of total exports. Germany, Finland, the UK, Poland, France, Lebanon, the Netherlands, Austria, Japan and the United States lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +30.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Germany ($X) appeared to be the largest markets for domestic appliances exported from Denmark worldwide, with a combined 60% share of total exports. These countries were followed by the UK, Finland, France, the Netherlands, Japan, Austria, the United States, China, Poland and Lebanon, which together accounted for a further 23%.

Lebanon, with a CAGR of +14.8%, recorded the highest growth rate of 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

In 2021, the average domestic appliances export price amounted to $X per unit, picking up by 9.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Lebanon ($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 the UK (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Denmark

In 2021, the amount of domestic appliances imported into Denmark stood at X units, rising by 3.6% against 2020 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, domestic appliances imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X units), Sweden (X units) and China (X units) were the main suppliers of domestic appliances imports to Denmark, together accounting for 82% of total imports. These countries were followed by Germany, Turkey, Italy, the United States and Hungary, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +7.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of domestic appliances to Denmark, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and China (+7.6% per year).

Import Prices by Country

In 2021, the average domestic appliances import price amounted to $X per unit, with an increase of 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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