Denmark: Passenger Car Tire Market Overview 2021

Passenger Car Tire Market Size in Denmark

The Danish passenger car tire market totaled $X in 2020, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Passenger car tire consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Passenger Car Tire Exports

Exports from Denmark

After three years of decline, overseas shipments of tyres for motor cars increased by X% to X units in 2020. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Exports peaked at X units in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, passenger car tire exports fell to $X in 2020. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), the UK (X units) and the Netherlands (X units) were the main destinations of passenger car tire exports from Denmark, together accounting for X% of total exports. These countries were followed by Germany, Croatia, Faroe Islands, Poland, Norway, Lithuania, Romania, Sweden, France and Hungary, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the largest markets for passenger car tire exported from Denmark worldwide, together comprising X% of total exports. The UK, Faroe Islands, Norway, Lithuania, Poland, Croatia, Sweden, France, Romania and Hungary lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of 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

The average passenger car tire export price stood at $X per unit in 2020, falling by -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per unit. From 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Faroe Islands ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tire Imports

Imports into Denmark

In 2020, passenger car tire imports into Denmark rose modestly to X units, picking up by X% on the previous year's figure. In general, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Imports peaked at X units in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, passenger car tire imports rose notably to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X units) constituted the largest supplier of passenger car tire to Denmark, with a X% share of total imports. Moreover, passenger car tire imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was occupied by the Netherlands (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of passenger car tire to Denmark, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2020, the average passenger car tire import price amounted to $X per unit, with an increase of X% against the previous year. Overall, import price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, passenger car tire import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for motor cars in the world?

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The countries with the highest volumes of passenger car tire consumption in 2020 were China (531M units), the U.S. (341M units) and India (119M units), together comprising 49% of global consumption.

What are the largest producers of tyres for motor cars in the world?

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China (711M units) constituted the country with the largest volume of passenger car tire production, accounting for 36% of total volume. Moreover, passenger car tire production in China exceeded the figures recorded by the second-largest producer, the U.S. (193M units), fourfold. India (119M units) ranked third in terms of total production with a 6% share.

What are the leading suppliers of tyres for motor cars to Denmark?

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In value terms, Germany ($102M) constituted the largest supplier of passenger car tire to Denmark, comprising 54% of total imports. The second position in the ranking was occupied by the Netherlands ($21M), with a 11% share of total imports. It was followed by Sweden, with a 9.1% share.

What are the leading importers of tyres for motor cars from Denmark?

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In value terms, Germany ($3.6M), the Netherlands ($3.2M) and Italy ($2.7M) constituted the largest markets for passenger car tire exported from Denmark worldwide, with a combined 45% share of total exports. These countries were followed by the UK, Faroe Islands, Norway, Lithuania, Poland, Croatia, Sweden, France, Romania and Hungary, which together accounted for a further 44%.

What is the average export price for tyres for motor cars in Denmark?

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In 2020, the average passenger car tire export price amounted to $47 per unit, with a decrease of -6% against the previous year.

What is the average import price for tyres for motor cars in Denmark?

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The average passenger car tire import price stood at $60 per unit in 2020, with an increase of 7.2% against the previous year.