Denmark: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Denmark

The Danish sodium carbonate market soared to $X in 2022, increasing by 18% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +90.3% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Sodium Carbonate Production in Denmark

In value terms, sodium carbonate production surged to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +77.6% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sodium Carbonate Exports

Exports from Denmark

Sodium carbonate exports from Denmark skyrocketed to X tons in 2022, rising by 36% on 2021 figures. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sodium carbonate exports amounted to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 70% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Faroe Islands (X tons) was the main destination for sodium carbonate exports from Denmark, with a 50% share of total exports. Moreover, sodium carbonate exports to Faroe Islands exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was taken by Greenland (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Faroe Islands amounted to +204.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+6.5% per year) and Greenland (+14.6% per year).

In value terms, the largest markets for sodium carbonate exported from Denmark were Faroe Islands ($X), Sweden ($X) and Greenland ($X), together comprising 69% of total exports. Poland, Norway, Finland, Germany and the Netherlands lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Poland, with a CAGR of +200.7%, saw the highest rates of growth with regard to the value of exports, 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 sodium carbonate export price amounted to $X per ton, reducing by -25.3% against the previous year. Overall, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 60%. 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 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 Netherlands ($X per ton), while the average price for exports to Greenland ($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 Netherlands (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Carbonate Imports

Imports into Denmark

In 2022, after two years of growth, there was significant decline in supplies from abroad of sodium carbonate, when their volume decreased by -6.1% to X tons. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, sodium carbonate imports skyrocketed to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +104.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of sodium carbonate imports to Denmark, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium carbonate suppliers to Denmark were Poland ($X), Germany ($X) and Belgium ($X), with a combined 75% share of total imports. Sweden, France and Finland lagged somewhat behind, together accounting for a further 24%.

Sweden, with a CAGR of +66.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sodium carbonate import price stood at $X per ton in 2022, jumping by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Finland ($X per ton) and France ($X per ton), while the price for Sweden ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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