Denmark: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Denmark

The Danish market for drawn glass and blown glass was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption recorded a perceptible contraction. Drawn glass and blown glass consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Denmark

In value terms, drawn glass and blown glass production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Drawn glass and blown glass production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Denmark

In 2021, approx. X square meters of drawn glass and blown glass were exported from Denmark; which is down by -23.1% against 2020. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 126% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports surged to $X in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 80%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X square meters), Latvia (X square meters) and Switzerland (X square meters) were the main destinations of drawn glass and blown glass exports from Denmark, with a combined 80% share of total exports. These countries were followed by Iceland, Greenland, Belgium, the United States and Faroe Islands, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +61.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for drawn glass and blown glass exports from Denmark, comprising 30% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 11% share of total exports. It was followed by Iceland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway stood at -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-18.1% per year) and Iceland (+28.3% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, jumping by 80% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 86%. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Faroe Islands ($X per square meter), while the average price for exports to Latvia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Denmark

In 2021, imports of drawn glass and blown glass into Denmark fell markedly to X square meters, waning by -64.6% against 2020. In general, imports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 288% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports declined markedly to $X in 2021. Overall, imports recorded a precipitous descent. The growth pace was the most rapid in 2016 with an increase of 334% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest drawn glass and blown glass supplier to Denmark, with a 55% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Poland (X square meters), twofold. Germany (X square meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.0% per year) and Germany (-30.2% per year).

In value terms, Poland ($X) constituted the largest supplier of drawn glass and blown glass to Denmark, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 6.9% share of total imports. It was followed by Germany, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-37.3% per year) and Germany (-29.3% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, increasing by 51% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 163%. Over the period under review, average import prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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