Denmark: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Denmark

In 2022, the Danish high-tenacity filament aramids yarn market was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Denmark

In value terms, high-tenacity filament aramids yarn production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Denmark

High-tenacity filament aramids yarn exports from Denmark declined to X tons in 2022, falling by -13.7% compared with the year before. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.7% against 2016 indices. The growth pace was the most rapid in 2016 when exports increased by 121% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports fell to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 43%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), Bulgaria (X tons) and Mexico (X tons) were the main destinations of high-tenacity filament aramids yarn exports from Denmark, with a combined 58% share of total exports. Greenland, Thailand, Finland, Poland, the United States, Italy, Germany, the Netherlands and Sweden lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +122.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament aramids yarn exported from Denmark were Bulgaria ($X), the UK ($X) and Mexico ($X), with a combined 60% share of total exports. Thailand, Greenland, Finland, Germany, the United States, Poland, the Netherlands, Sweden and Italy lagged somewhat behind, together accounting for a further 36%.

Thailand, with a CAGR of +138.2%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average high-tenacity filament aramids yarn export price amounted to $X per ton, surging by 3.5% against the previous year. In general, the export price, however, recorded a perceptible setback. The growth pace was the most rapid in 2018 an increase of 32% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Italy ($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 Greenland (+71.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Denmark

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported into Denmark; dropping by -15% compared with the previous year's figure. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 381% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 277%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to Denmark, with a combined 88% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +905.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), the Netherlands ($X) and Sweden ($X) were the largest high-tenacity filament aramids yarn suppliers to Denmark, together comprising 85% of total imports.

The Czech Republic, with a CAGR of +812.6%, saw the highest growth rate of 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

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, increasing by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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