Denmark: Extruded Rod Market 2022

Extruded Rod Market Size in Denmark

In 2021, the Danish extruded rod market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a noticeable slump. Extruded rod consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in Denmark

In value terms, extruded rod production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Extruded Rod Exports

Exports from Denmark

In 2021, the amount of extruded rods and profile shapes of cellular vulcanised rubber exported from Denmark rose sharply to X tons, picking up by X% compared with 2020. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for extruded rod exports from Denmark, with a X% share of total exports. Moreover, extruded rod exports to Sweden exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Norway (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for extruded rod exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Norway (+X% per year).

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Estonia ($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 (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Denmark

In 2021, after two years of decline, there was significant growth in supplies from abroad of extruded rods and profile shapes of cellular vulcanised rubber, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports soared to $X in 2021. In general, imports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of extruded rod imports to Denmark, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod suppliers to Denmark were Spain ($X), Belgium ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +X%, saw the highest growth rate of 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 extruded rod import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2021 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, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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