Car radio receivers market in Denmark

Earlier Report Observations

The market for car radio receivers in Denmark showed considerable movement between 2018 and 2024. After a volume of 927 thousand units in 2018, the market contracted sharply to 446 thousand units the following year. A sustained recovery then took hold, with volume climbing to a peak of 582 thousand units by 2022. This growth phase coincided with the strong expansion of Denmark's electric vehicle market, fueled by tax incentives, greater model availability, and improved charging infrastructure, which raised demand for compatible in-car audio systems.

The market's upward trajectory reversed in 2023 when volume fell to 506 thousand units. This shift was influenced by the implementation of Order No. 1710/2023, which introduced new conformity assessment rules for radio equipment and electromagnetic conditions, affecting market access and compliance. Despite the ongoing rise in electric vehicle sales, the market volume declined further to 398 thousand units in 2024.

Production car radio receivers in Denmark

In value, 2018-2021, K $ US

Car radio receiver production in Denmark has increased for the second consecutive year. In 2021, output was valued at 7 002 K $ US, marking a strong rise of 14.1% compared to 2020. The largest decline occurred in 2019, at 33.0%, when production hit its minimum value of 4 666 K $ US. The largest increase was recorded in 2020, at 31.5%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, K unit

Denmark's car radio receiver production has increased for the second consecutive year. In 2021, 546.5 K units were produced, showing a moderate increase of 7.7% year-over-year. The largest decline was in 2019, at 52.9%, when production reached its minimum of 425.2 K units. The largest increase occurred in 2020, at 19.4%. Between 2018 and 2021, production decreased by 39.4%, equating to an annualized rate of 15.4%.

Annual dynamics of production in Denmark in kind, 2018-2021, K unit

Exports car radio receivers from Denmark

Exports in kind, unit

After a two-year decline, car radio receiver exports from Denmark have increased. In 2021, exports registered 20 546 units, up by 46.3% year-over-year. The largest decline was recorded in 2020, at 30.8%, when exports hit their minimum of 14 043 units. Over the period 2018-2021, exports decreased by 16.3%, with a compound annual growth rate of 5.7%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, unit

From 2018 to 2021, the partner landscape for exports in kind was diverse. Germany accounted for 19.8% of exports, Norway for 17.7%, and Croatia for 9.2%, together forming 46.7% of total flows. A substantial 53.3% was supplied to many other countries.

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

After a two-year drop, cross-border shipments of car radio receivers from Denmark have increased. In 2021, exports totalled 1 243 K $ US, which is 60.4% higher year-over-year. The largest decline occurred in 2019, at 30.0%, when exports reached their minimum value of 775 K $ US in 2020.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Norway led as the top buyer of car radio receivers from Denmark, accounting for 28.5% of exports in value terms, followed by Sweden at 20.3% and Germany at 12.6%. Their combined share reached 61.4% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports car radio receivers to Denmark

Imports in kind, unit

The volume of car radio receiver imports into Denmark has declined for the third consecutive year. In 2021, imports reached 35 896 units, equivalent to a moderate contraction of 9.9% compared with 2020. Over the period 2018-2021, imports decreased by 28.3%, with a compound annual growth rate of 10.5%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, unit

From 2018 to 2021, China was the primary supplier of car radio receivers to Denmark, accounting for 46.0% of imports in kind, followed by Sweden at 16.7% and Germany at 13.3%. Together, they accounted for 76.1% of total imports in kind.

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

In 2021, Denmark's car radio receiver imports totalled 3 258 K $ US, reflecting a controlled fall of 5.5% compared to the previous year. The largest decline was in 2019, at 45.4%, when imports hit their minimum value of 2 682 K $ US. The largest increase occurred in 2020, at 28.5%. Over the period 2018-2021, imports decreased by 33.6%, with a compound annual growth rate of 12.8%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Germany was the main market for imports in value terms, accounting for 33.3%, followed by China at 15.6% and Sweden at 14.9%. Together, they accounted for 63.8% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021