Electric accumulators and parts thereof market in Denmark

Earlier Report Observations

The market size for electric accumulators and parts in Denmark fell to 110.4 million US dollars in 2019 from 151.3 million in 2018, but then recovered and expanded sharply to 186.3 million by 2021. The recovery began in 2020 as several major global vehicle manufacturers announced ambitious electric vehicle plans, boosting demand for batteries in the transport sector. Growth accelerated in 2021, supported by the broader electrification of transport and industry, while the earlier introduction of the first fully battery-electric heavy truck in Denmark by DAF in 2018 had signaled rising demand for high-capacity accumulators.

From 2022 onward, imports of electric accumulators continued to rise, reaching 453.9 million US dollars in 2025, while exports more than doubled between 2021 and 2024. This trade expansion occurred alongside regulatory updates aimed at electrical safety and grid integration. In 2022, Denmark published grid-planning assumptions that emphasized green electricity and storage solutions, and new electrical installation standards came into force. Subsequent years saw further refinements to safety rules, including overvoltage protection requirements that affect accumulator installations, while rising electricity prices and strong climate policy goals sustained focus on energy storage technologies.

Production electric accumulators and parts thereof in Denmark

In value, 2018-2021, K $ US

Denmark's production of electric accumulators and parts has increased for the second year in a row. In 2021, output reached 12 413 K $ US, marking a significant 51.6% rise compared to 2020. Looking at the period from 2018 to 2021, production grew by 52.1%, which translates to an average annual growth rate of 15.0%. The lowest production value was recorded in 2019 at 6 354 K $ US, with the largest decline of 22.2% also occurring that year.

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

Exports electric accumulators and parts thereof from Denmark

Exports in kind, t

Denmark's exports of electric accumulators and parts have risen for the second consecutive year. In 2021, exports totaled 12 339 t, showing little change from the 2020 level. Over the 2018-2021 period, exports increased by 12.9%, with a compound annual growth rate of 4.1%. The lowest export volume was in 2019 at 10 812 t, which saw a decline of 1.1%. In contrast, the largest increase occurred in 2020, with a 14.0% jump.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Sweden, Germany, and the United Kingdom were the primary buyers of electric accumulators and parts from Denmark. Sweden accounted for 42.0% of exports in kind, Germany for 13.6%, and the United Kingdom for 5.3%. Together, these three countries made up 60.8% of Denmark's total exports in this category.

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, M $ US

Denmark's exports of electric accumulators and parts in value terms have grown for the second year running. In 2021, exports amounted to 114.7 M $ US, a 29.9% increase from 2020. Between 2018 and 2021, exports rose by 42.6%, equating to an annualized growth rate of 12.6%. The lowest value was recorded in 2019 at 80.4 M $ US, which experienced a slight decline of 0.1%.

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

During 2018-2021, Denmark exported electric accumulators and parts to numerous countries. Even the top destinations—Sweden, Germany, and Czechia—collectively represented only 46.5% of total exports in value terms, indicating a diversified export market.

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

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

Imports electric accumulators and parts thereof to Denmark

Imports in kind, t

Denmark's imports of electric accumulators and parts have increased for the second consecutive year. In 2021, import volume reached 36 716 t, up 23.6% from the previous year. Over the 2018-2021 period, imports grew by 10%, with a compound annual growth rate of 3.2%. The lowest import volume was in 2019 at 28 006 t, which saw a decline of 16.1%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany, Sweden, and China were consistently the main sources for Denmark's imports of electric accumulators and parts in kind. Germany accounted for 34.3% of imports, Sweden for 16.6%, and China for 9.0%. Together, these three countries comprised 59.9% of total import flows.

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, M $ US

Denmark's imports of electric accumulators and parts in value terms have risen for the second year in a row. In 2021, imports totaled 288.6 M $ US, a strong 43.9% increase compared to 2020. Over the 2018-2021 period, imports increased by 29.1%, with an annualized growth rate of 8.9%. The lowest value was recorded in 2019 at 184.4 M $ US, which experienced a decline of 17.5%.

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

In 2018-2021, the leading sources for Denmark's imports of electric accumulators and parts in value terms were Germany, China, and Sweden. Germany accounted for 27.6% of imports, China for 15.2%, and Sweden for 13.9%. Collectively, these three countries made up 56.8% of total import flows.

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

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