Denmark: Flat Glass Market 2024

Flat Glass Market Size in Denmark

The Danish flat glass market rose markedly to $X in 2021, with an increase of 14% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Flat Glass Production in Denmark

In value terms, flat glass production surged to $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Flat Glass Exports

Exports from Denmark

In 2021, approx. X tons of flat glass were exported from Denmark; growing by 134% against the previous year. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flat glass exports surged to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for flat glass exports from Denmark, accounting for a 59% share of total exports. Moreover, flat glass exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. Sweden (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+118.3% per year) and Sweden (+15.8% per year).

In value terms, Germany ($X) remains the key foreign market for flat glass exports from Denmark, comprising 45% of total exports. The second position in the ranking was taken by Norway ($X), with a 20% share of total exports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+8.3% per year) and Hungary (+96.4% per year).

Export Prices by Country

In 2021, the average flat glass export price amounted to $X per ton, dropping by -15.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 Norway (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Flat Glass Imports

Imports into Denmark

In 2021, after two years of growth, there was decline in supplies from abroad of flat glass, when their volume decreased by -3.9% to X tons. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined slightly in the following year.

In value terms, flat glass imports surged to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 +75.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of flat glass to Denmark, accounting for a 68% share of total imports. Moreover, flat glass imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+19.1% per year) and China (+3.7% per year).

In value terms, Germany ($X) constituted the largest supplier of flat glass to Denmark, comprising 61% of total imports. The second position in the ranking was held by Poland ($X), with a 23% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+23.2% per year) and China (+3.7% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, with an increase of 46% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by 47%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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