Denmark: Epoxide Resin Market 2024

Epoxide Resin Market Size in Denmark

In 2021, the Danish epoxide resin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Epoxide Resin Production in Denmark

In value terms, epoxide resin production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 571% against the previous year. Epoxide resin production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Epoxide Resin Exports

Exports from Denmark

Epoxide resin exports from Denmark contracted to X tons in 2021, waning by -7.8% compared with the year before. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 165% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, epoxide resin exports soared to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 203%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for epoxide resin exports from Denmark, with a 43% share of total exports. Moreover, epoxide resin exports to Iraq exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Russia (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +52.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.6% per year) and Russia (+6.2% per year).

In value terms, the largest markets for epoxide resin exported from Denmark were Iraq ($X), Germany ($X) and Russia ($X), together comprising 63% of total exports. These countries were followed by the UK, Sweden, Norway and Spain, which together accounted for a further 19%.

In terms of the main countries of destination, Norway, with a CAGR of +66.5%, recorded the highest growth rate of 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 2021, the average epoxide resin export price amounted to $X per ton, with an increase of 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Norway ($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 Germany (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into Denmark

In 2021, supplies from abroad of epoxide resins decreased by -19.8% to X tons, falling for the seventh year in a row after three years of growth. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 17%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, epoxide resin imports soared to $X in 2021. In general, imports showed a pronounced decline. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Germany (X tons) and France (X tons) were the main suppliers of epoxide resin imports to Denmark, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +199.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest epoxide resin suppliers to Denmark were Germany ($X), Taiwan (Chinese) ($X) and France ($X), together accounting for 75% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +201.1%, recorded 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 epoxide resin import price stood at $X per ton in 2021, growing by 52% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, epoxide resin import price increased by +76.6% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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