Denmark: Graphite Market 2024

Graphite Market Size in Denmark

In 2021, the Danish graphite market increased by 56% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a noticeable contraction. Graphite consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Graphite Exports

Exports from Denmark

In 2021, the amount of graphite (natural) exported from Denmark shrank notably to X tons, which is down by -27.4% compared with the previous year's figure. Over the period under review, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 240% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, graphite exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 370% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for graphite exports from Denmark, with a 60% share of total exports. Moreover, graphite exports to India exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by the UK (X kg), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.9% per year) and the UK (0.0% per year).

In value terms, India ($X), China ($X) and the UK ($X) appeared to be the largest markets for graphite exported from Denmark worldwide, with a combined 98% share of total exports.

China, with a CAGR of +20.5%, recorded 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 mixed trend patterns.

Export Prices by Country

The average graphite export price stood at $X per ton in 2021, rising by 59% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The pace of growth was the most pronounced in 2014 an increase of 292% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Norway ($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 the United States (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Imports

Imports into Denmark

In 2021, overseas purchases of graphite (natural) increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by 160% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, graphite imports surged to $X in 2021. Over the period under review, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2017 with an increase of 161%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest graphite supplier to Denmark, accounting for a 86% share of total imports. Moreover, graphite imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X tons), ninefold. The third position in this ranking was held by Italy (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+76.5% per year) and Italy (+38.5% per year).

In value terms, Germany ($X) constituted the largest supplier of graphite to Denmark, comprising 88% of total imports. The second position in the ranking was taken by Norway ($X), with a 3.4% share of total imports. It was followed by Italy, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+36.5% per year) and Italy (+32.9% per year).

Import Prices by Country

In 2021, the average graphite import price amounted to $X per ton, surging by 59% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, graphite import price increased by +59.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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