Denmark: Athletic Footwear Market 2023

Athletic Footwear Market Size in Denmark

After two years of decline, the Danish athletic footwear market increased by 20% to $X in 2021. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Athletic Footwear Exports

Exports from Denmark

In 2021, overseas shipments of athletic footwear were finally on the rise to reach X pairs after five years of decline. In general, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at X pairs in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, athletic footwear exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a perceptible descent. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X pairs), Germany (X pairs) and Finland (X pairs) were the main destinations of athletic footwear exports from Denmark, with a combined 71% share of total exports. These countries were followed by Norway, France, the Netherlands and Italy, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for athletic footwear exported from Denmark were Sweden ($X), Norway ($X) and Germany ($X), with a combined 71% share of total exports. Finland, France, the Netherlands and Italy lagged somewhat behind, together accounting for a further 21%.

France, with a CAGR of +50.2%, 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 2021, the average athletic footwear export price amounted to $X per pair, rising by 30% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per pair in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Norway ($X per pair), while the average price for exports to Germany ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Athletic Footwear Imports

Imports into Denmark

In 2021, the amount of athletic footwear imported into Denmark was estimated at X pairs, growing by 12% on the year before. Over the period under review, imports, however, continue to indicate a slight reduction. Over the period under review, imports attained the peak figure at X pairs in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, athletic footwear imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X pairs), Belgium (X pairs) and Germany (X pairs) were the main suppliers of athletic footwear imports to Denmark, together accounting for 64% of total imports. Sweden, Poland, the Netherlands, Vietnam, Cambodia and Indonesia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +49.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest athletic footwear suppliers to Denmark were Germany ($X), Belgium ($X) and Poland ($X), with a combined 55% share of total imports.

Poland, with a CAGR of +67.5%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average athletic footwear import price amounted to $X per pair, growing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2014 an increase of 17% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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