Denmark: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Denmark

The Danish motor vehicle radiator market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motor Vehicle Radiator Production in Denmark

In value terms, motor vehicle radiator production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. Motor vehicle radiator production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Motor Vehicle Radiator Exports

Exports from Denmark

After two years of growth, shipments abroad of radiators for motor vehicles decreased by X% to X units in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, motor vehicle radiator exports declined sharply to $X in 2022. Overall, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Poland (X units) and Spain (X units) were the main destinations of motor vehicle radiator exports from Denmark, together accounting for X% of total exports. The United States, France, Sweden, the Netherlands, the UK, Turkey, Italy, Finland, Greece and Belgium lagged somewhat behind, together accounting for 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 Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle radiator exported from Denmark were Germany ($X), Poland ($X) and Sweden ($X), together comprising X% of total exports. France, the United States, Spain, Turkey, the UK, the Netherlands, Italy, Finland, Belgium and Greece lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, recorded the highest growth rate of 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

The average motor vehicle radiator export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded 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 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per unit) and Finland ($X per unit), while the average price for exports to Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Radiator Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in supplies from abroad of radiators for motor vehicles, which increased by X% to X units in 2022. Overall, imports enjoyed a buoyant expansion. 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 the immediate term.

In value terms, motor vehicle radiator imports rose significantly to $X in 2022. In general, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motor vehicle radiator to Denmark, accounting for a X% share of total imports. Moreover, motor vehicle radiator imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), twofold. Poland (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Slovakia ($X) and Poland ($X) were the largest motor vehicle radiator suppliers to Denmark, together accounting for X% of total imports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt descent. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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