Earlier Report Observations
From 2018 to 2020, the market size for braces, suspenders and garters in Denmark showed initial stability before a sharp decline. After holding steady at around 3 700 thousand USD in 2018 and 2019, the market contracted by over 27% in 2020 to 2 691 thousand USD.
The market rebounded strongly in 2021, growing by 69% to 4 544 thousand USD, and reached a peak of 4 898 thousand USD in 2022. However, this expansion was short-lived, as the market size halved in 2023 to 2 679 thousand USD and fell further by 36% in 2024 to 1 704 thousand USD.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Denmark
- 5.1.1. In value, 2018-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, K $ US
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5.1. Production in Denmark
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Denmark in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Denmark by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Denmark in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Denmark by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Denmark in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Denmark by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Denmark in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Denmark by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production braces, suspenders and garters in Denmark
In value, 2018-2021, K $ US
Denmark's production of braces, suspenders, and garters rebounded in 2021 after two years of decline. The output value reached 2,062 thousand US dollars, marking a significant 30.3% increase from the previous year. Looking at the broader period from 2018 to 2021, production grew by 16.1%, which translates to an average annual growth rate of 5.1%. The lowest production value was recorded in 2020 at 1,582 thousand US dollars, a year that also saw the largest decline of 8.6%.
Annual dynamics of production in Denmark in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.5%) | (8.6%) | 30.3% | 5.1% |
Exports braces, suspenders and garters from Denmark
Exports in kind, t
In 2021, Denmark's export volume of braces, suspenders, and garters totaled 84.6 tonnes, representing a substantial 53.4% increase compared to 2020. Over the four-year span from 2018 to 2021, exports surged by 76.5%, with a compound annual growth rate of 20.9%. The largest decline occurred in 2020, when exports fell by 0.6%.
Annual dynamics of product's exports from Denmark in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 15.8% | (0.6%) | 53.4% | 20.9% |
From 2018 to 2021, Hungary, Slovakia, and Sweden were the primary destinations for Denmark's braces, suspenders, and garters exports in terms of volume. Hungary accounted for 35.5% of exports, Slovakia for 13.7%, and Sweden for 12.8%. Together, these three countries represented 62.0% of Denmark's total export volume during this period.
Structure of product's exports in kind by countries, 2018-2021
World map of product's exports from Denmark in kind, 2018-2021
Exports in value, K $ US
Denmark's exports of braces, suspenders, and garters in value terms grew for the third consecutive year in 2021. The export value amounted to 4,714 thousand US dollars, reflecting a robust 54.7% increase from 2020. Over the 2018-2021 period, exports rose by 76.4%, with a compound annual growth rate of 20.8%.
Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 5.8% | 7.8% | 54.7% | 20.8% |
Between 2018 and 2021, Hungary, Sweden, and Slovakia emerged as the key markets for Denmark's braces, suspenders, and garters exports in value terms. Hungary contributed 25.8% of the total export value, Sweden 16.0%, and Slovakia 13.4%. Collectively, these three countries accounted for 55.2% of Denmark's export flows during this timeframe.
Structure of product's exports in value by countries, 2018-2021
World map of product's exports from Denmark in value, 2018-2021
Imports braces, suspenders and garters to Denmark
Imports in kind, t
In 2021, Denmark's import volume of braces, suspenders, and garters reached 142.3 tonnes, showing a 19.7% year-over-year increase. From 2018 to 2021, imports grew by 35.5%, with a compound annual growth rate of 10.7%. The most significant decline was observed in 2020, when imports dropped by 1.0%.
Annual dynamics of product's imports to Denmark in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 14.3% | (1.0%) | 19.7% | 10.7% |
During the 2018-2021 period, Latvia, China, and the Netherlands were the leading sources of Denmark's braces, suspenders, and garters imports by volume. Latvia supplied 32.9% of imports, China 32.0%, and the Netherlands 13.9%. Together, these three countries made up 78.8% of Denmark's total import volume.
Structure of product's imports in kind by countries, 2018-2021
World map of product's imports to Denmark in kind, 2018-2021
Imports in value, K $ US
The import value of braces, suspenders, and garters in Denmark showed volatile changes, indicating a fluctuating market environment. In 2021, imports surged to 7,196 thousand US dollars, a sharp 73.1% increase from the previous year. The lowest value was recorded in 2020 at 4,156 thousand US dollars, which also saw the largest decline of 13.3%. The difference between the peak in 2021 and the trough in 2020 was 1.7-fold.
Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 5.0% | (13.3%) | 73.1% | 16.4% |
From 2018 to 2021, the Netherlands, China, and Latvia were the dominant sources for Denmark's braces, suspenders, and garters imports in value terms. These three markets collectively accounted for 60.2% of total import flows during this period.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Denmark in value, 2018-2021
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