Denmark: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Denmark

In 2022, the Danish tufted textile fabric market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a slight descent. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Tufted Textile Fabric Production in Denmark

In value terms, tufted textile fabric production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Tufted Textile Fabric Exports

Exports from Denmark

In 2022, overseas shipments of tufted textile fabrics increased by X% to X square meters, rising for the second consecutive year after two years of decline. In general, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted textile fabric exports surged to $X in 2022. Overall, exports showed a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X square meters) was the main destination for tufted textile fabric exports from Denmark, accounting for a X% share of total exports. It was followed by Turkey (X square meters), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled X%.

In value terms, Norway ($X) remains the key foreign market for tufted textile fabrics exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway totaled X%.

Export Prices by Country

In 2022, the average tufted textile fabric export price amounted to $X per square meter, surging by X% against the previous year. In general, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per square meter), while the average price for exports to Turkey totaled $X per square meter.

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

Tufted Textile Fabric Imports

Imports into Denmark

In 2022, the amount of tufted textile fabrics imported into Denmark contracted to X square meters, shrinking by X% on the previous year's figure. Overall, imports, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, tufted textile fabric imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest tufted textile fabric supplier to Denmark, accounting for a X% share of total imports. Moreover, tufted textile fabric imports from China exceeded the figures recorded by the second-largest supplier, the UK (X square meters), twofold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to Denmark, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

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

Import Prices by Country

The average tufted textile fabric import price stood at $X per square meter in 2022, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per square meter in 2020; however, from 2021 to 2022, import prices remained at a 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 Turkey ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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