Denmark: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Denmark

In 2021, the Danish market for lauric acid and other acids, their salts and esters was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a significant increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Denmark

In value terms, production of lauric acid and other acids, their salts and esters surged to $X in 2021 estimated in export price. In general, production, however, saw a abrupt downturn. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Denmark

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were exported from Denmark; which is down by -6.8% compared with the previous year's figure. In general, exports recorded a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 40%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters reduced slightly to $X in 2021. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Denmark, with a 40% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.5% per year) and the UK (+2.8% per year).

In value terms, Germany ($X) remains the key foreign market for lauric acid and other acids, their salts and esters exports from Denmark, comprising 42% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.4% per year) and France (+2.9% per year).

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, picking up by 5.9% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 8.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 Norway (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Denmark

In 2021, imports of lauric acid and other acids, their salts and esters into Denmark surged to X tons, growing by 31% against the previous year's figure. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 62%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters surged to $X in 2021. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 97% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Denmark, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Denmark, comprising 60% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Belgium, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.4% per year) and Belgium (+16.2% per year).

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, surging by 22% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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