Denmark: Starter Motor Market 2023

Starter Motor Market Size in Denmark

The Danish starter motor market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, faced a abrupt contraction. Starter motor consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Starter Motor Production in Denmark

In value terms, starter motor production rose significantly to $X in 2021 estimated in export price. Overall, production, however, saw a dramatic decrease. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Starter Motor Exports

Exports from Denmark

In 2021, approx. X units of starter motors and dual purpose starter generators were exported from Denmark; growing by 14% compared with the previous year's figure. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, starter motor exports rose significantly to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 28%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units), Germany (X units) and the UK (X units) were the main destinations of starter motor exports from Denmark, together comprising 42% of total exports. France, Italy, Poland, Russia, Ukraine, Sweden, Hungary, Finland, Portugal and Switzerland lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the UK ($X) constituted the largest markets for starter motor exported from Denmark worldwide, with a combined 39% share of total exports. France, Italy, Poland, Russia, Sweden, Ukraine, Hungary, Finland, Portugal and Switzerland lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Hungary, with a CAGR of +21.5%, recorded 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 2021, the average starter motor export price amounted to $X per unit, waning by -3.7% against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 13%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.4%), while the prices for the other major destinations experienced a decline.

Starter Motor Imports

Imports into Denmark

In 2021, the amount of starter motors and dual purpose starter generators imported into Denmark skyrocketed to X units, rising by 33% compared with the year before. In general, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by 67% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, starter motor imports reached $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of starter motor to Denmark, with a 68% share of total imports. Moreover, starter motor imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.4% per year) and Germany (-16.5% per year).

In value terms, China ($X) constituted the largest supplier of starter motors and dual purpose starter generators to Denmark, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by India, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.1% per year) and India (+3.1% per year).

Import Prices by Country

In 2021, the average starter motor import price amounted to $X per unit, declining by -17% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by 128%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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