Denmark: Adipic Acid Market 2024

Adipic Acid Market Size in Denmark

In 2022, after three years of decline, there was growth in the Danish adipic acid market, when its value increased by 2.2% to $X. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Adipic acid consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Adipic Acid Production in Denmark

In value terms, adipic acid production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 2,939%. Adipic acid production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Adipic Acid Exports

Exports from Denmark

Adipic acid exports from Denmark fell remarkably to X tons in 2022, which is down by -27.8% against 2021 figures. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, adipic acid exports contracted dramatically to $X in 2022. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 52% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Hungary (X tons) and Norway (X tons) were the main destinations of adipic acid exports from Denmark, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +12.2%), while shipments for the other leaders experienced a decline.

In value terms, Sweden ($X), Hungary ($X) and Norway ($X) were the largest markets for adipic acid exported from Denmark worldwide, together comprising 94% of total exports.

Norway, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average adipic acid export price stood at $X per ton in 2022, dropping by -3.6% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adipic acid export price increased by +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($X per ton) and Finland ($X per ton), while the average price for exports to Hungary ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Adipic Acid Imports

Imports into Denmark

In 2022, purchases abroad of adipic acid, its salts and esters was finally on the rise to reach X tons after three years of decline. In general, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 101% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, adipic acid imports expanded to $X in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 80%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adipic acid to Denmark, with a 43% share of total imports. Moreover, adipic acid imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.9% per year) and Germany (-12.9% per year).

In value terms, China ($X) constituted the largest supplier of adipic acid, its salts and esters to Denmark, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with an 8.8% share of total imports. It was followed by Sweden, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.2% per year) and Sweden (+5.9% per year).

Import Prices by Country

In 2022, the average adipic acid import price amounted to $X per ton, reducing by -31.6% against the previous year. In general, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 217%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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