Denmark: Wire And Cable Market 2024

Wire And Cable Market Size in Denmark

After three years of growth, the Danish wire and cable market decreased by X% to $X in 2022. In general, consumption saw buoyant growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Wire And Cable Production in Denmark

In value terms, wire and cable production surged to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible 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, production increased by X% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Wire And Cable Exports

Exports from Denmark

In 2022, overseas shipments of insulated wire and cable increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wire and cable exports amounted to $X in 2022. Over the period under review, total exports indicated a buoyant 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The UK (X tons), Norway (X tons) and Germany (X tons) were the main destinations of wire and cable exports from Denmark, together comprising X% of total exports. Sweden, the Netherlands, Finland, the United States, Taiwan (Chinese), Poland and the Czech Republic 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 Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Denmark were Sweden ($X), the UK ($X) and Germany ($X), together comprising X% of total exports. Norway, the Netherlands, the United States, Taiwan (Chinese), Finland, Poland and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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 wire and cable export price amounted to $X per ton, which is down by X% against the previous year. Overall, export price indicated tangible growth 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, wire and cable export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

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 ($X per ton), while the average price for exports to Finland ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Denmark

In 2022, approx. X tons of insulated wire and cable were imported into Denmark; increasing by X% compared with the previous year. In general, total imports indicated a resilient increase from 2012 to 2022: its volume 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 increased by X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports soared to $X in 2022. Overall, total imports indicated prominent growth 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 increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of wire and cable imports to Denmark, together comprising X% of total imports. Poland, Finland, Italy, Spain, Turkey, Vietnam, Lithuania, South Korea, Estonia and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest wire and cable suppliers to Denmark were Germany ($X), China ($X) and Sweden ($X), with a combined X% share of total imports. Poland, Spain, Finland, Turkey, Italy, the Netherlands, Lithuania, Vietnam, Estonia and South Korea lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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