Denmark: Glass Closure Market 2025

Glass Closure Market Size in Denmark

In 2022, the Danish glass closure market decreased by -28.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a dramatic curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Closure Production in Denmark

In value terms, glass closure production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic slump. The pace of growth appeared the most rapid in 2014 with an increase of 775% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Glass Closure Exports

Exports from Denmark

In 2022, the amount of glass stoppers, lids and other closures exported from Denmark soared to X tons, increasing by 38% against the previous year's figure. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 105%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, glass closure exports skyrocketed to $X in 2022. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 208%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for glass closure exports from Denmark, accounting for a 72% share of total exports. Moreover, glass closure exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), fivefold. The third position in this ranking was taken by Canada (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-4.3% per year) and Canada (+17.1% per year).

In value terms, Germany ($X) remains the key foreign market for glass stoppers, lids and other closures exports from Denmark, comprising 42% of total exports. The second position in the ranking was held by Japan ($X), with a 19% share of total exports. It was followed by Norway, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+180.3% per year) and Norway (-2.0% per year).

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, increasing by 11% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Serbia ($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 Japan (+69.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Denmark

In 2022, overseas purchases of glass stoppers, lids and other closures increased by 46% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports saw measured growth. The pace of growth appeared the most rapid in 2020 when imports increased by 375% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, glass closure imports amounted to $X in 2022. Overall, imports recorded a pronounced increase. The growth pace was the most rapid in 2020 with an increase of 454% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass closure to Denmark, with a 72% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1,106.9% per year) and Germany (-19.4% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to Denmark, comprising 64% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.5% share of total imports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+822.5% per year) and Germany (-18.5% per year).

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, declining by -28.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :