Denmark: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Denmark

The Danish combined refrigerator-freezer market reduced sharply to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Combined Refrigerator-Freezer Production in Denmark

In value terms, combined refrigerator-freezer production surged to $X in 2022 estimated in export price. Overall, production, however, saw a mild setback. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Denmark

In 2022, overseas shipments of combined refrigerators-freezers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a mild decline. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, combined refrigerator-freezer exports shrank markedly to $X in 2022. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Norway (X units) and Finland (X units) were the main destinations of combined refrigerator-freezer exports from Denmark, with a combined X% share of total exports. Germany, Iceland, the Netherlands and Faroe Islands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the largest markets for combined refrigerator-freezer exported from Denmark worldwide, with a combined X% share of total exports. Iceland, the Netherlands, Germany and Faroe Islands lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw 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

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Iceland ($X per unit), while the average price for exports to Finland ($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 Iceland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Combined Refrigerator-Freezer Imports

Imports into Denmark

In 2022, overseas purchases of combined refrigerators-freezers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2021, and then fell notably in the following year.

In value terms, combined refrigerator-freezer imports dropped to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Sweden (X units), Romania (X units) and Turkey (X units) were the main suppliers of combined refrigerator-freezer imports to Denmark, with a combined X% share of total imports. China, Italy, Poland, Germany and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of combined refrigerators-freezers to Denmark, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average combined refrigerator-freezer import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, combined refrigerator-freezer import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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