Denmark: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Denmark

The Danish industrial stearic acid market soared to $X in 2021, surging by 58% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Industrial Stearic Acid Production in Denmark

In value terms, industrial stearic acid production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 157%. Industrial stearic acid production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports from Denmark

In 2021, shipments abroad of industrial stearic acid increased by 17% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.5% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, industrial stearic acid exports soared to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +126.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 62%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons), Norway (X tons) and Poland (X tons) were the main destinations of industrial stearic acid exports from Denmark, together accounting for 64% of total exports. These countries were followed by Cyprus, Lithuania, Sweden and Greece, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +143.4%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Poland ($X) were the largest markets for industrial stearic acid exported from Denmark worldwide, together accounting for 63% of total exports. These countries were followed by Cyprus, Lithuania, Sweden and Greece, which together accounted for a further 29%.

Among the main countries of destination, Greece, with a CAGR of +149.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2021, jumping by 37% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Sweden ($X per ton) and Norway ($X per ton), while the average price for exports to Germany ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into Denmark

In 2021, imports of industrial stearic acid into Denmark surged to X tons, growing by 18% against the previous year's figure. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, industrial stearic acid imports surged to $X in 2021. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of industrial stearic acid imports to Denmark, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +230.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) constituted the largest industrial stearic acid suppliers to Denmark, with a combined 96% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +209.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, surging by 49% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial stearic acid import price increased by +62.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Malaysia ($X per ton) and Belgium ($X per ton), while the price for Germany ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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