Denmark: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Denmark

In 2021, the Danish wood flat pallet market increased by 39% to $X, rising for the second year in a row after four years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Wood Flat Pallet Production in Denmark

In value terms, wood flat pallet production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wood Flat Pallet Exports

Exports from Denmark

In 2021, approx. X units of flat pallets and pallet collars of wood were exported from Denmark; picking up by 14% compared with the year before. Overall, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 63%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood flat pallet exports surged to $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 67% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Sweden (X units) and Poland (X units) were the main destinations of wood flat pallet exports from Denmark, together accounting for 56% of total exports. Norway, Lithuania, China, the Netherlands, Finland, the UK, Faroe Islands, France and Belgium lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +33.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood flat pallet exported from Denmark were Germany ($X), Sweden ($X) and Norway ($X), with a combined 56% share of total exports. Poland, China, Lithuania, the Netherlands, the UK, Finland, France, Belgium and Faroe Islands lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Lithuania, with a CAGR of +34.0%, saw 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

The average wood flat pallet export price stood at $X per unit in 2021, surging by 35% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 76% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Faroe Islands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Denmark

In 2021, after two years of growth, there was significant decline in supplies from abroad of flat pallets and pallet collars of wood, when their volume decreased by -16.7% to X units. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood flat pallet imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 increased by +17.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X units) constituted the largest supplier of wood flat pallet to Denmark, with a 44% share of total imports. Moreover, wood flat pallet imports from Poland exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Lithuania (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.3% per year) and Lithuania (-14.2% per year).

In value terms, Poland ($X) constituted the largest supplier of flat pallets and pallet collars of wood to Denmark, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Lithuania, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Lithuania (+0.5% per year).

Import Prices by Country

In 2021, the average wood flat pallet import price amounted to $X per unit, rising by 51% against the previous year. Over the period under review, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 76%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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