Denmark: Plaits And Basketwork Market 2023

Plaits And Basketwork Market Size in Denmark

In 2021, the Danish plaits and basketwork market increased by 33% to $X, rising for the fifth year in a row after three years of decline. Overall, consumption continues to indicate a buoyant expansion. Plaits and basketwork consumption peaked in 2021 and is expected to retain growth in years to come.

Plaits And Basketwork Production in Denmark

In value terms, plaits and basketwork production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a precipitous contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Plaits And Basketwork Exports

Exports from Denmark

In 2021, approx. X tons of plaits, basketwork, wickerwork and similar products of plaiting materials were exported from Denmark; jumping by 47% compared with the year before. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaits and basketwork exports soared to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of plaits and basketwork exports from Denmark, with a combined 52% share of total exports. Germany, Sweden, Belgium, France, Ireland, Poland, Iceland, Finland, Spain and Italy lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +62.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and Sweden ($X) were the largest markets for plaits and basketwork exported from Denmark worldwide, with a combined 49% share of total exports. France, the Netherlands, the UK, Poland, Belgium, Ireland, Spain, Finland, Italy and Iceland lagged somewhat behind, together comprising a further 41%.

Belgium, with a CAGR of +48.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 plaits and basketwork export price amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Denmark

In 2021, supplies from abroad of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 26% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, plaits and basketwork imports soared to $X in 2021. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and Indonesia (X tons) were the main suppliers of plaits and basketwork imports to Denmark, with a combined 64% share of total imports. Poland, Sweden, Lithuania, the Netherlands, India and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +112.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) constituted the largest plaits and basketwork suppliers to Denmark, together accounting for 64% of total imports. These countries were followed by Sweden, Lithuania, Poland, the Netherlands, India and Germany, which together accounted for a further 26%.

Among the main suppliers, Lithuania, with a CAGR of +127.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plaits and basketwork import price amounted to $X per ton, picking up by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :