Denmark: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Denmark

The Danish market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021, jumping by 26% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Denmark

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined sharply to $X in 2021 estimated in export price. In general, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 124%. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Denmark

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported from Denmark; picking up by 16% against the year before. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 80% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Over the period under review, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 46% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Denmark, accounting for a 55% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Sweden exceeded the volume sent to the second major destination, Lithuania (X tons), sevenfold. The third position in this ranking was taken by Finland (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+23.3% per year) and Finland (+9.5% per year).

In value terms, Sweden ($X) remains the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Denmark, comprising 53% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by Norway, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+348.2% per year) and Norway (+5.3% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 59%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Lithuania ($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 Belgium (+11.2%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Denmark

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) imported into Denmark expanded sharply to X tons, growing by 6% compared with 2020 figures. The total import volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier to Denmark, accounting for a 47% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.3% per year) and France (+7.8% per year).

In value terms, Germany ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Denmark, comprising 44% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.5% per year) and France (+7.4% per year).

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, picking up by 20% against the previous year. In general, the import price, however, saw a noticeable reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the Netherlands ($X per ton), while the price for Finland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform