Denmark: Aluminium Foil Market 2024

Aluminium Foil Market Size in Denmark

In 2022, the Danish aluminium foil market increased by 12% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Aluminium Foil Production in Denmark

In value terms, aluminium foil production dropped significantly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 101%. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Aluminium Foil Exports

Exports from Denmark

In 2022, overseas shipments of aluminium foil increased by 27% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, aluminium foil exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for aluminium foil exports from Denmark, with a 36% share of total exports. Moreover, aluminium foil exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-3.6% per year) and Sweden (-3.6% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium foil exports from Denmark, comprising 33% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by Sweden, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.4% per year) and Sweden (-4.6% per year).

Export Prices by Country

In 2022, the average aluminium foil export price amounted to $X per ton, with a decrease of -5.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Foil Imports

Imports into Denmark

In 2022, overseas purchases of aluminium foil increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, aluminium foil imports skyrocketed to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of aluminium foil to Denmark, with a 44% share of total imports. Moreover, aluminium foil imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Norway (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.4% per year) and Norway (+2.7% per year).

In value terms, Germany ($X) constituted the largest supplier of aluminium foil to Denmark, comprising 39% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.1% share of total imports. It was followed by Norway, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.5% per year) and Norway (+4.6% per year).

Import Prices by Country

The average aluminium foil import price stood at $X per ton in 2022, picking up by 8.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 28%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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