Fittings for buildings market in Denmark

Earlier Report Observations

The market for base metal fittings in Denmark showed steady growth from 82 185 тыс. долл. США in 2018 to 85 613 тыс. долл. США in 2020, supported by acquisition activity in the building materials sector that brought new players and consolidation. The COVID-19 pandemic shifted consumer behavior towards online shopping and DIY projects, altering distribution patterns and sustaining demand despite broader construction sector challenges. This upward trend peaked sharply in 2021, with the market surging 28% to 109 470 тыс. долл. США.

A pronounced contraction followed, with the market falling to 78 999 тыс. долл. США in 2022 and then to 56 892 тыс. долл. США in 2023. This decline coincided with Denmark's central role in developing European standards aimed at reducing metal consumption by up to 15%, which directly affected production and design requirements for metal mountings. Simultaneously, the updated Building Regulations (BR18), emphasizing universal design and accessibility, altered product specifications and consumer preferences, further dampening market value.

A partial recovery emerged in 2024, as the market grew 9% to 62 009 тыс. долл. США. This rebound occurred amidst ongoing price volatility for key raw materials like steel and zinc, driven by global energy costs and supply chain disruptions. Additionally, the initiation of standardization work for concrete elements, introducing new product standards and sustainability requirements, began influencing the broader construction materials sector.

Production fittings for buildings in Denmark

In value, 2018-2021, K $ US

Denmark's production of fittings for buildings has increased for the second consecutive year. In 2021, output was valued at 72 208 K $ US, marking a 10.3% advance compared to 2020. Production grew by 16.4% between 2018 and 2021, equating to an annualized rate of 5.2%. The lowest value was recorded in 2019 at 59 971 K $ US, which also saw the largest decline of 3.3%.

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

In kind, 2018-2021, t

After a two-year decrease, Denmark's production of fittings for buildings has rebounded. In 2021, 20 057 t were produced, showing a small uptick of 1.0% compared to 2020. However, production decreased by 2.2% overall between 2018 and 2021, with an annualized rate of 0.7%. The minimum value was recorded in 2020 at 19 851 t, while the largest decline occurred in 2019 at 1.6%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports fittings for buildings from Denmark

Exports in kind, t

Following a two-year rise, the volume of fittings for buildings exported from Denmark declined. In 2021, exports reached 4 718 t, down by 14.9% compared to the previous year. The maximum value was recorded in 2020 at 5 547 t, which also saw the largest increase of 15.2%.

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

From 2018 to 2021, three main markets—Sweden, Norway, and Finland—together absorbed 65.0% of Denmark's total exports of fittings for buildings in kind.

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

Exports of fittings for buildings from Denmark have increased for the third consecutive year. In 2021, exports amounted to 46 368 K $ US, reflecting a robust rise of 10.2% compared to 2020. Between 2018 and 2021, exports grew by 25%, equating to an annualized rate of 7.7%.

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

From 2018 to 2021, the main destinations for Denmark's exports of fittings for buildings in value terms were Sweden (25.8% of exports), Norway (17.0% of exports), and Germany (14.2% of exports). Together, these three countries accounted for 57.1% of total export flows.

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

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

Imports fittings for buildings to Denmark

Imports in kind, t

The import market for fittings for buildings in Denmark showed an unstable trend over the period. The lowest imports were recorded in 2018, while the highest was in 2020, reflecting a 2-fold gap between these years. In 2021, Denmark imported 9 134 t, which is 28.8% less than the previous year. The maximum value was recorded in 2020 at 12 829 t, which also saw the largest increase of 70.6%.

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

From 2018 to 2021, the main sources for imports of fittings for buildings to Denmark in kind were China (23.5% of imports), Lithuania (20.8% of imports), and Germany (14.9% of imports). Together, these three countries represented 59.3% 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, K $ US

In 2021, Denmark's imports of fittings for buildings totalled 83 630 K $ US, showing a 34.4% increase from the previous year. Over the period from 2018 to 2021, imports grew by 46%, with a compound annual growth rate (CAGR) of 13.5%. The largest decline was recorded in 2020 at 0.0%.

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

From 2018 to 2021, the leading sources for Denmark's imports of fittings for buildings in value terms were Germany (31.9% of imports), China (20.4% of imports), and Sweden (15.3% of imports). These three countries jointly accounted for 67.6% 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