Denmark: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Denmark

In 2022, the Danish paper and paperboard market decreased by -19% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, saw prominent growth. Paper and paperboard consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Paper And Paperboard Production in Denmark

In value terms, paper and paperboard production rose slightly to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The growth pace was the most rapid in 2015 when the production volume increased by 118% against the previous year. Paper and paperboard production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Paper And Paperboard Exports

Exports from Denmark

For the fifth consecutive year, Denmark recorded growth in shipments abroad of paper and paperboard (creped, crinkled, embossed or perforated), which increased by 36% to X tons in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.4% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper and paperboard exports reduced to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Sweden (X tons) was the main destination for paper and paperboard exports from Denmark, with a 41% share of total exports. Moreover, paper and paperboard exports to Sweden exceeded the volume sent to the second major destination, the United States (X tons), twofold. France (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.3% per year) and France (+2.3% per year).

In value terms, the United States ($X) remains the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from Denmark, comprising 35% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.7% share of total exports. It was followed by India, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+23.0% per year) and India (+29.9% per year).

Export Prices by Country

In 2022, the average paper and paperboard export price amounted to $X per ton, with a decrease of -32.4% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 50% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 the UK (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Denmark

In 2022, purchases abroad of paper and paperboard (creped, crinkled, embossed or perforated) decreased by -16.2% to X tons, falling for the third year in a row after four years of growth. In general, imports showed a noticeable setback. The growth pace was the most rapid in 2016 when imports increased by 60%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, paper and paperboard imports declined to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +12.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the main suppliers of paper and paperboard imports to Denmark, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +58.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard suppliers to Denmark were Sweden ($X), France ($X) and the Netherlands ($X), together comprising 68% of total imports. The Czech Republic, Germany, Italy and Poland lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +49.3%, saw the highest rates of growth with regard to 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 paper and paperboard import price stood at $X per ton in 2022, growing by 13% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper and paperboard import price increased by +129.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 57% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 France ($X per ton), while the price for the Netherlands ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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