Denmark: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Denmark

In 2021, the Danish double or complex silicates market decreased by -76.9% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Double Or Complex Silicates in Denmark

In value terms, double or complex silicates production shrank significantly to $X in 2021 estimated in export price. In general, production saw a significant contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 150%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from Denmark

In 2021, approx. X tons of double or complex silicates were exported from Denmark; increasing by 279% compared with 2020 figures. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the UK (X tons) and Australia (X tons) were the main destinations of double or complex silicates exports from Denmark, with a combined 52% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +189.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for double or complex silicates exports from Denmark, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Australia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +53.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.8% per year) and Australia (+69.1% per year).

Export Prices by Country

In 2021, the average double or complex silicates export price amounted to $X per ton, surging by 25% against the previous year. Overall, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 150%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained 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 ($X per ton), while the average price for exports to China ($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 the UK (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Double Or Complex Silicates

Imports into Denmark

Double or complex silicates imports into Denmark expanded notably to X tons in 2021, surging by 15% on 2020 figures. In general, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 165% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, double or complex silicates imports dropped to $X in 2021. Over the period under review, imports recorded a notable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 131%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of double or complex silicates to Denmark, with a 65% share of total imports. Moreover, double or complex silicates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+101.3% per year) and Germany (-24.1% per year).

In value terms, the United States ($X), the Netherlands ($X) and Bosnia and Herzegovina ($X) appeared to be the largest double or complex silicates suppliers to Denmark, together accounting for 94% of total imports.

Among the main suppliers, Bosnia and Herzegovina, with a CAGR of +105.9%, 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 double or complex silicates import price stood at $X per ton in 2021, declining by -18.1% against the previous year. Overall, the import price saw a slight contraction. The growth pace was the most rapid in 2014 an increase of 50%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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