Electrical Insulating Fittings Market Overview in Denmark
Market Overview
In 2019, the Danish electrical insulating fittings market decreased by -
% to $ for the first time since 2016, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a pronounced expansion from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2015 when the market value increased by % year-to-year. Electrical insulating fittings consumption peaked at $ in 2018, and then dropped in the following year.
In value terms, electrical insulating fittings production reached $ in 2019 estimated in export prices. Over the period under review, the total production indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Electrical insulating fittings production peaked in 2019 and is likely to see steady growth in the near future.
% to $ for the first time since 2016, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a pronounced expansion from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2015 when the market value increased by % year-to-year. Electrical insulating fittings consumption peaked at $ in 2018, and then dropped in the following year.In value terms, electrical insulating fittings production reached $
in 2019 estimated in export prices. Over the period under review, the total production indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Electrical insulating fittings production peaked in 2019 and is likely to see steady growth in the near future.Consumption
For the fourth year in a row, Denmark recorded decline in consumption of electrical insulating fittings of plastics, which decreased by -% to units in 2019. Overall, consumption recorded a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, consumption reached the peak volume at units in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The revenue of the electrical insulating fittings market in Denmark shrank to $ in 2019, declining by -% 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, the total consumption indicated measured growth from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by % year-to-year. Electrical insulating fittings consumption peaked at $ in 2018, and then declined in the following year.
% to units in 2019. Overall, consumption recorded a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, consumption reached the peak volume at units in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The revenue of the electrical insulating fittings market in Denmark shrank to $
in 2019, declining by -% 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, the total consumption indicated measured growth from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by % year-to-year. Electrical insulating fittings consumption peaked at $ in 2018, and then declined in the following year.Market Forecast
Driven by rising demand for electrical insulating fittings in Denmark, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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