Denmark: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Denmark

In 2022, the Danish market for sanitary ware and parts of iron or steel decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Denmark

In value terms, iron or steel sanitary ware production rose modestly to $X in 2022 estimated in export price. In general, production, however, saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Iron or steel sanitary ware production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Denmark

In 2022, overseas shipments of sanitary ware and parts of iron or steel increased by X% to X units, rising for the third year in a row after five years of decline. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, iron or steel sanitary ware exports contracted slightly to $X in 2022. Overall, total exports indicated a noticeable 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 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Greenland (X units) was the main destination for iron or steel sanitary ware exports from Denmark, accounting for a X% share of total exports. Moreover, iron or steel sanitary ware exports to Greenland exceeded the volume sent to the second major destination, Faroe Islands (X units), sixfold. Norway (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greenland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (X% per year) and Norway (X% per year).

In value terms, the largest markets for iron or steel sanitary ware exported from Denmark were Greenland ($X), Faroe Islands ($X) and Norway ($X), together comprising X% of total exports.

Faroe Islands, with a CAGR of X%, recorded 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 export price for sanitary ware and parts of iron or steel amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while the average price for exports to Greenland ($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 Faroe Islands (X%), while the prices for the other major destinations experienced a decline.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Denmark

Iron or steel sanitary ware imports into Denmark was estimated at X units in 2022, therefore, remained relatively stable against 2021. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, iron or steel sanitary ware imports rose notably to $X in 2022. In general, total imports indicated a notable 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 increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Sweden (X units) and the Czech Republic (X units) were the main suppliers of iron or steel sanitary ware imports to Denmark, together accounting for X% of total imports. Ukraine, Poland, Germany, Belgium, Italy and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sweden ($X) and Ukraine ($X) were the largest iron or steel sanitary ware suppliers to Denmark, with a combined X% share of total imports.

Among the main suppliers, Ukraine, with a CAGR of X%, 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

The average import price for sanitary ware and parts of iron or steel stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a abrupt setback. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Lithuania ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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