Denmark: Acetic Acid Market 2024

Acetic Acid Market Size in Denmark

In 2021, the Danish acetic acid market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Acetic Acid Production in Denmark

In value terms, acetic acid production surged to $X in 2021 estimated in export price. Overall, production saw a remarkable increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Acetic Acid Exports

Exports from Denmark

In 2021, exports of acetic acid from Denmark soared to X tons, jumping by 16% on the previous year. Overall, total exports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, acetic acid exports soared to $X in 2021. In general, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of acetic acid exports from Denmark, together comprising 74% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +206.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Sweden ($X) constituted the largest markets for acetic acid exported from Denmark worldwide, together accounting for 66% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +220.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acetic acid export price amounted to $X per ton, increasing by 119% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Denmark

In 2021, after two years of decline, there was growth in supplies from abroad of acetic acid, when their volume increased by 2.3% to X tons. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 37% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, acetic acid imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 85% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest acetic acid supplier to Denmark, with a 55% share of total imports. Moreover, acetic acid imports from Austria exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+78.6% per year) and Germany (+21.2% per year).

In value terms, Austria ($X) constituted the largest supplier of acetic acid to Denmark, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.2% per year) and the Netherlands (+81.2% per year).

Import Prices by Country

In 2021, the average acetic acid import price amounted to $X per ton, increasing by 44% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetic acid import price increased by +99.0% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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