Denmark: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Denmark

The Danish glass fibre and article market dropped markedly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a pronounced decrease. Glass fibre and article consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in Denmark

In value terms, glass fibre and article production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Denmark

In 2022, approx. X tons of glass fibres and glass fibre articles were exported from Denmark; growing by X% on the previous year's figure. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, glass fibre and article exports rose slightly to $X in 2022. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for glass fibre and article exports from Denmark, with a X% share of total exports. Moreover, glass fibre and article exports to Belgium exceeded the volume sent to the second major destination, Sweden (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the UK (X% per year).

In value terms, Belgium ($X), Sweden ($X) and the UK ($X) were the largest markets for glass fibre and article exported from Denmark worldwide, with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw the highest growth rate of 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 and article export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 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 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Denmark

In 2022, supplies from abroad of glass fibres and glass fibre articles decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, glass fibre and article imports reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest glass fibre and article supplier to Denmark, with a X% share of total imports. Moreover, glass fibre and article imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, Norway ($X), Germany ($X) and Sweden ($X) constituted the largest glass fibre and article suppliers to Denmark, with a combined X% share of total imports.

Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fibre and article import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Lithuania ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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