Denmark: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Denmark

The Danish glass fibre chopped strand market declined dramatically to $X in 2021, which is down by -37.4% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Glass fibre chopped strand consumption peaked at $X in 2020, and then fell rapidly in the following year.

Production of Glass Fibre Chopped Strands in Denmark

In value terms, glass fibre chopped strand production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 227%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Glass Fibre Chopped Strands

Exports from Denmark

Glass fibre chopped strand exports from Denmark soared to X tons in 2021, with an increase of 27% compared with 2020. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 2,316% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, glass fibre chopped strand exports skyrocketed to $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 929%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Belgium (X tons) were the main destinations of glass fibre chopped strand exports from Denmark, with a combined 93% share of total exports. These countries were followed by Poland, Slovakia, Lithuania and Turkey, which together accounted for a further 6.1%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +127.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Belgium ($X) constituted the largest markets for glass fibre chopped strand exported from Denmark worldwide, with a combined 90% share of total exports. Slovakia, Poland, Turkey and Lithuania lagged somewhat behind, together accounting for a further 3.9%.

Slovakia, with a CAGR of +125.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre chopped strand export price stood at $X per ton in 2021, surging by 3.5% against the previous year. Over the period under review, the export price, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2015 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Lithuania ($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 Turkey (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Chopped Strands

Imports into Denmark

In 2021, overseas purchases of glass fibre chopped strands were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 49% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre chopped strand imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of glass fibre chopped strand to Denmark, accounting for a 69% share of total imports. Moreover, glass fibre chopped strand imports from Slovakia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Belgium (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovakia totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+94.9% per year) and Belgium (+33.9% per year).

In value terms, the largest glass fibre chopped strand suppliers to Denmark were Slovakia ($X), the United States ($X) and Japan ($X), with a combined 73% share of total imports. These countries were followed by the UK, Belgium and Sweden, which together accounted for a further 12%.

Among the main suppliers, Belgium, with a CAGR of +227.8%, 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

In 2021, the average glass fibre chopped strand import price amounted to $X per ton, growing by 39% against the previous year. In general, the import price, however, saw a abrupt decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :