Denmark: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Denmark

After three years of growth, the Danish electrical board and console market decreased by X% to $X in 2022. In general, consumption, however, showed measured growth. Electrical board and console consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Denmark

In value terms, electrical board and console production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

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Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Denmark

In 2022, shipments abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical board and console exports surged to $X in 2022. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Germany (X units) and Belgium (X units) were the main destinations of electrical board and console exports from Denmark, with a combined X% share of total exports. Ireland, Greenland, Spain, Faroe Islands, the UK and Australia 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 Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical board and console exported from Denmark were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. Ireland, Greenland, Faroe Islands, Spain, the UK and Australia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ireland, with a CAGR of X%, 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 electrical board and console export price amounted to $X per unit, waning by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Denmark

After three years of growth, supplies from abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, electrical board and console imports declined to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X units) constituted the largest electrical board and console supplier to Denmark, accounting for a X% share of total imports. Moreover, electrical board and console imports from Norway exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold. The third position in this ranking was held by Poland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Poland (X% per year).

In value terms, Norway ($X) constituted the largest supplier of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v to Denmark, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average electrical board and console import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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