Denmark: Diethanolamine Market 2024

Diethanolamine Market Size in Denmark

The Danish diethanolamine market shrank remarkably to $X in 2021, reducing by -31.5% against the previous year. In general, consumption faced a abrupt curtailment. Diethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Diethanolamine Production in Denmark

In value terms, diethanolamine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. Diethanolamine production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports from Denmark

In 2021, overseas shipments of diethanolamine and its salts were finally on the rise to reach X tons after three years of decline. In general, exports showed strong growth. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, diethanolamine exports skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient increase. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for diethanolamine exports from Denmark, with a 75% share of total exports. Moreover, diethanolamine exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+2.4% per year) and the United States (+28.1% per year).

In value terms, Sweden ($X) emerged as the key foreign market for diethanolamine and its salts exports from Denmark, comprising 74% of total exports. The second position in the ranking was held by Norway ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.3% per year) and the United States (-27.3% per year).

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, falling by -14.1% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diethanolamine export price increased by +55.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 75%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($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 Sweden (+2.4%), while the prices for the other major destinations experienced a decline.

Diethanolamine Imports

Imports into Denmark

In 2021, the amount of diethanolamine and its salts imported into Denmark contracted to X tons, with a decrease of -8.9% compared with 2020 figures. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 8%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, diethanolamine imports reduced to $X in 2021. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 8.5%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of diethanolamine to Denmark, accounting for a 70% share of total imports. Moreover, diethanolamine imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Norway (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.4% per year) and Norway (-37.9% per year).

In value terms, Germany ($X) constituted the largest supplier of diethanolamine and its salts to Denmark, comprising 61% of total imports. The second position in the ranking was held by Belgium ($X), with a 29% share of total imports. It was followed by Italy, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.8% per year) and Italy (+12.6% per year).

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, surging by 9.3% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 9.9% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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