Price for Navigational Instruments and Appliances; Parts and Accessories in Denmark - 2023

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Denmark (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Denmark (FOB) - 2023
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Denmark
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Denmark

Price for Navigational Instruments and Appliances; Parts and Accessories in Denmark (CIF) - 2022

In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $136,830 per ton, surging by 7.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 30% against the previous year. The import price peaked at $140,792 per ton 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 China ($223,481 per ton), while the price for Cyprus ($15,283 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Denmark (FOB) - 2023

The average export price for navigational instruments and appliances; parts and accessorieses stood at $198K per ton in December 2023, rising by 52% against the previous month. In general, export price indicated a pronounced increase from December 2022 to December 2023: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for navigational instruments and appliances; parts and accessorieses increased by +52.2% against November 2023 indices. The growth pace was the most rapid in June 2023 an increase of 76% m-o-m. As a result, the export price reached the peak level of $242K per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was China ($1.5M per ton), while the average price for exports to Finland ($26,453 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Denmark

For the third year in a row, Denmark recorded decline in overseas purchases of navigational instruments and appliances; parts and accessorieses, which decreased by -17.6% to 65 tons in 2022. In general, imports continue to indicate a significant contraction. The smallest decline of -14.6% was in 2021.

In value terms, imports of navigational instruments and appliances; parts and accessorieses fell to $8.9M in 2022. Over the period under review, imports saw a drastic downturn.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Denmark in 2022:

1. Netherlands (15.9 tons)
2. Japan (12.8 tons)
3. Norway (12.3 tons)
4. Germany (4.8 tons)
5. Sweden (4.6 tons)
6. Cyprus (3.8 tons)
7. Italy (2.8 tons)
8. United Kingdom (1.8 tons)
9. China (1.8 tons)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Denmark

For the third consecutive year, Denmark recorded decline in shipments abroad of navigational instruments and appliances; parts and accessorieses, which decreased by -15.2% to 49 tons in 2022. Overall, exports saw a sharp contraction.

In value terms, exports of navigational instruments and appliances; parts and accessorieses shrank to $7.1M in 2022. Over the period under review, exports showed a abrupt shrinkage. The smallest decline of -1.4% was in 2021.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Denmark in 2022:

1. Netherlands (13.3 tons)
2. Norway (4.1 tons)
3. Sweden (3.7 tons)
4. Germany (3.2 tons)
5. Finland (2.3 tons)
6. Turkey (2.0 tons)
7. Japan (1.7 tons)
8. Ireland (1.6 tons)
9. United States (1.5 tons)
10. Italy (1.3 tons)
11. Singapore (1.2 tons)
12. United Kingdom (1.2 tons)
13. France (1.1 tons)

Source: IndexBox Market Intelligence Platform