Denmark: Alcohols Market 2021

Alcohols Market Size in Denmark

The Danish alcohols market stood at $X in 2020, with an increase of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Alcohols consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Alcohols Production in Denmark

In value terms, alcohols production surged to $X in 2020 estimated in export prices. Overall, production recorded a moderate expansion. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Alcohols production peaked in 2020 and is expected to retain growth in the near future.

Alcohols Exports

Exports from Denmark

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Denmark soared to X tons, with an increase of X% compared with the previous year's figure. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are likely to see gradual growth in the near future.

In value terms, alcohols exports surged to $X in 2020. Over the period under review, exports enjoyed a prominent increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for alcohols exports from Denmark, with a X% share of total exports. Moreover, alcohols exports to Sweden exceeded the volume sent to the second major destination, Brazil (X tons), fivefold. The third position in this ranking was occupied by Norway (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Norway (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for alcohols exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Brazil (+X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Denmark

After two years of decline, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tons in 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, alcohols imports rose remarkably to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

Germany (X tons), Norway (X tons) and Finland (X tons) were the main suppliers of alcohols imports to Denmark, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of alcohols to Denmark, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Norway (-X% per year).

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, stabilizing at the previous year. In general, the import price continues to indicate a slight downturn. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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