Denmark: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Denmark

The Danish polyethylene glycol wax market dropped rapidly to $X in 2021, which is down by -16.4% against the previous year. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Polyethylene Glycol Wax Production in Denmark

In value terms, polyethylene glycol wax production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2020 when the production volume increased by 685%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

Polyethylene Glycol Wax Exports

Exports from Denmark

For the fifth year in a row, Denmark recorded decline in overseas shipments of artificial and prepared waxes of polyethylene glycol, which decreased by -73.3% to X tons in 2021. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax exports shrank markedly to $X in 2021. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 128%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for polyethylene glycol wax exports from Denmark, with a 96% share of total exports. It was followed by Brazil (X kg), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +766.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-7.1% per year) and Norway (-48.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Denmark, comprising 86% of total exports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +558.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+12.0% per year) and Norway (-38.6% per year).

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, which is down by -27.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 141%. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States ($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 Brazil (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Denmark

In 2021, imports of artificial and prepared waxes of polyethylene glycol into Denmark fell to X tons, reducing by -14.9% on 2020. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 4.9% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol wax imports fell significantly to $X in 2021. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of polyethylene glycol wax to Denmark, accounting for a 95% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -9.3%.

In value terms, Germany ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Denmark, comprising 92% of total imports. The second position in the ranking was taken by Sweden ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -7.9%.

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%).

Source: IndexBox Platform

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