Denmark: Twine Product Market 2025

Twine Product Market Size in Denmark

The Danish twine product market soared to $X in 2022, rising by 50% against the previous year. Over the period under review, consumption showed a strong expansion. Twine product consumption peaked in 2022 and is likely to see steady growth in the near future.

Twine Product Production in Denmark

In value terms, twine product production surged to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 94%. Twine product production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Twine Product Exports

Exports from Denmark

After two years of decline, shipments abroad of articles of twine, cordage, rope or cables increased by 60% to X tons in 2022. In general, exports posted a strong increase. The growth pace was the most rapid in 2019 with an increase of 80% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, twine product exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 90% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for twine product exports from Denmark, accounting for a 42% share of total exports. Moreover, twine product exports to Brazil exceeded the volume sent to the second major destination, the UK (X tons), twofold. Norway (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +75.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.7% per year) and Norway (+17.0% per year).

In value terms, the largest markets for twine product exported from Denmark were Brazil ($X), the UK ($X) and Norway ($X), together accounting for 76% of total exports.

Brazil, with a CAGR of +62.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 an increase of 18%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 China (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Denmark

Twine product imports into Denmark skyrocketed to X tons in 2022, picking up by 72% compared with 2021 figures. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine product imports skyrocketed to $X in 2022. In general, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest twine product supplier to Denmark, with a 36% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. Serbia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+87.4% per year) and Serbia (+190.3% per year).

In value terms, the largest twine product suppliers to Denmark were Germany ($X), China ($X) and the UK ($X), with a combined 48% share of total imports. Portugal, Serbia, Norway, the Netherlands, Poland, Sweden, Thailand, Spain, Albania and Iceland lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Serbia, with a CAGR of +149.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, surging by 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Iceland ($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 Netherlands (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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