Denmark: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Denmark

In 2021, the Danish ethyl acetate market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ethyl acetate consumption peaked in 2021 and is expected to retain growth in years to come.

Ethyl Acetate Production in Denmark

In value terms, ethyl acetate production soared to $X in 2021 estimated in export price. In general, production, however, recorded a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 1,476% against the previous year. Over the period under review, production reached the maximum level in 2021 and is likely to see steady growth in the near future.

Ethyl Acetate Exports

Exports from Denmark

In 2021, shipments abroad of ethyl acetate increased by 16% to X tons, rising for the third year in a row after two years of decline. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ethyl acetate exports skyrocketed to $X in 2021. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for ethyl acetate exports from Denmark, accounting for a 86% share of total exports. Moreover, ethyl acetate exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +6.4%.

In value terms, Sweden ($X) remains the key foreign market for ethyl acetate exports from Denmark, comprising 65% of total exports. The second position in the ranking was taken by Norway ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled +12.0%.

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, growing by 16% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethyl acetate export price increased by +110.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 32% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+18.6%).

Ethyl Acetate Imports

Imports into Denmark

In 2021, ethyl acetate imports into Denmark declined to X tons, remaining constant against the previous year's figure. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ethyl acetate imports surged to $X in 2021. In general, imports, however, showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of ethyl acetate to Denmark, accounting for a 64% share of total imports. Moreover, ethyl acetate imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.8% per year) and Sweden (-11.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of ethyl acetate to Denmark, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 26% share of total imports. It was followed by Sweden, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.6% per year) and Sweden (-9.0% per year).

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, jumping by 83% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Germany ($X per ton), while the price for Sweden ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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