Denmark: Imines Market 2024

Imines Market Size in Denmark

In 2021, the Danish imines market decreased by -26% to $X, falling for the second year in a row after six years of growth. Overall, consumption, however, enjoyed a prominent increase. Imines consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Imines Production in Denmark

In value terms, imines production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 104%. Imines production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Imines Exports

Exports from Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of imines and their derivatives and salts thereof, which increased by 17% to X tons in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 641% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imines exports expanded sharply to $X in 2021. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 474% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for imines exports from Denmark, with a 34% share of total exports. Moreover, imines exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), fourfold. Norway (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+54.8% per year) and Norway (+41.0% per year).

In value terms, Sweden ($X) remains the key foreign market for imines and their derivatives and salts thereof exports from Denmark, comprising 41% of total exports. The second position in the ranking was taken by Norway ($X), with a 10% share of total exports. It was followed by Finland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+36.3% per year) and Finland (+50.1% per year).

Export Prices by Country

In 2021, the average imines export price amounted to $X per ton, waning by -2.9% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sweden ($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 Italy (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imines Imports

Imports into Denmark

In 2021, overseas purchases of imines and their derivatives and salts thereof decreased by -6% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 186%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, imines imports expanded rapidly to $X in 2021. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2019 with an increase of 77%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), Norway (X tons) and China (X tons) were the main suppliers of imines imports to Denmark, together accounting for 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +90.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of imines and their derivatives and salts thereof to Denmark, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Belgium, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+75.9% per year) and Belgium (+13.4% per year).

Import Prices by Country

In 2021, the average imines import price amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 37%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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