Li-ion accumulators market in Denmark

Earlier Report Observations

The lithium-ion accumulator market in Denmark stood at 1.8 million units in 2019, influenced by a global slowdown in battery trade and weak economic conditions. From 2020, market volume expanded to 3.0 million units and then to 4.1 million units by 2021, as worldwide growth in electric vehicle adoption and energy storage demand began to drive imports and consumption.

Growth accelerated in 2022, with the market reaching 4.7 million units, directly supported by the launch of electric vehicles and related infrastructure in Denmark, such as Polestar's Destination Center and the Mercedes-Benz eEconic electric truck, which increased battery demand for transport. The market continued to expand to 5.9 million units in 2023 and 6.1 million units in 2024, bolstered by the entry of new local manufacturers like Viridus starting e-bike battery production in Aarhus and ACTEC A/S expanding Danish battery pack output, alongside industry preparations for the upcoming EU Battery Regulation.

By 2025, the implementation of the EU Battery Regulation with its extended producer responsibility, CO2 footprint disclosure, and recycled content targets, combined with significant partnerships such as CATL's collaboration with APM Terminals to develop high-performance batteries in Denmark, reinforced a market shift towards sustainability and local supply chain development. Over the full period, the market more than tripled in size, moving from import dependence to growing domestic production capacity and stricter environmental governance.

Production Li-ion accumulators in Denmark

In value, 2018-2021, K $ US

Denmark's lithium-ion battery production increased for the second consecutive year. In 2021, output reached 9 477 thousand US dollars, marking a significant 37.1% rise compared to 2020. From 2019 to 2021, production grew by 65%, which translates to an annualized growth rate of 28.5%.

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

In kind, 2018-2021, unit

Denmark's lithium-ion battery production declined for the second consecutive year. In 2021, 5 181 units were produced, down 83.8% from the previous year. Between 2019 and 2021, production fell by 90.2%, with a compound annual growth rate of -68.7%.

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

Exports Li-ion accumulators from Denmark

Exports in kind, K unit

In 2021, lithium-ion battery shipments from Denmark to abroad reached 1 213 thousand units, representing a 47.6% increase compared to 2020. From 2018 to 2021, exports decreased by 11.6%, equating to an annualized decline of 4.0%. The lowest value was recorded in 2020 at 822 thousand units, while the peak occurred in 2019 with 1 565 thousand units. The largest drop was in 2020, at 47.5%.

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

Between 2018 and 2021, the Netherlands (21.8% of exports in kind), Germany (14.6%), and Sweden (13.0%) were the largest buyers of lithium-ion batteries from Denmark, though they were not dominant. Together, they accounted for 49.5% of total exports in kind, with many smaller partners making up the remainder.

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

Lithium-ion battery shipments from Denmark to abroad increased for the second consecutive year. In 2021, export volume was recorded at 46.4 million US dollars, showing a sharp 58.2% year-over-year advance. From 2018 to 2021, exports rose by 74.8%, equating to an annualized growth rate of 20.5%. The lowest value was in 2019 at 26.2 million US dollars, with the largest decline that year at 1.3%.

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

From 2018 to 2021, lithium-ion batteries from Denmark were traded with numerous countries. Even the largest destinations—Germany, Sweden, and the Netherlands—together represented only 44.8% 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 Li-ion accumulators to Denmark

Imports in kind, K unit

Denmark's lithium-ion battery imports increased for the second consecutive year. In 2021, Denmark imported approximately 5 262 thousand units, which is 40.5% higher than the previous year. Between 2018 and 2021, imports grew by 35.3%, equating to an annualized rate of 10.6%. The lowest value was recorded in 2019 at 3 345 thousand units, with the largest decline that year at 14.0%.

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

From 2018 to 2021, three principal markets—China, Germany, and Hong Kong—together accounted for 73.0% of total lithium-ion battery imports in kind to Denmark.

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

The market showed an unstable trend throughout the period. Import levels fluctuated, with a 2.1-fold difference between the high in 2021 and the low in 2019. In 2021, foreign lithium-ion battery supplies to Denmark amounted to 138.8 million US dollars, reflecting a 76.7% year-over-year gain. The lowest value was in 2019 at 66.5 million US dollars, with the largest decline that year at 26.7%.

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

Throughout 2018–2021, the three largest markets—China, Germany, and Sweden—remained central to imports in value terms, together accounting for 56.8% 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