Denmark: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Denmark

In 2021, the Danish rubber-to-metal and moulded article market decreased by -0.9% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a abrupt shrinkage. Rubber-to-metal and moulded article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Rubber-to-Metal and Moulded Articles in Denmark

In value terms, rubber-to-metal and moulded article production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Denmark

In 2021, overseas shipments of rubber-to-metal and moulded articles were finally on the rise to reach X tons after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for rubber-to-metal and moulded article exports from Denmark, accounting for a 39% share of total exports. Moreover, rubber-to-metal and moulded article exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.2% per year) and Sweden (+3.7% per year).

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Denmark, comprising 44% of total exports. The second position in the ranking was held by Sweden ($X), with a 7.4% share of total exports. It was followed by China, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+1.0% per year) and China (+22.8% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber-to-metal and moulded article export price increased by +30.4% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 37% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Faroe Islands ($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 (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Denmark

In 2021, after two years of growth, there was significant decline in supplies from abroad of rubber-to-metal and moulded articles, when their volume decreased by -28.6% to X tons. Overall, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 when imports increased by 19% against the previous year. Imports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, rubber-to-metal and moulded article imports totaled $X in 2021. In general, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2018 when imports increased by 19%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the UK (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Denmark, together accounting for 54% of total imports. France, the Netherlands, Turkey, Belgium, Thailand, Poland, Sweden, Switzerland, Malaysia and Italy lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Denmark, comprising 35% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by France, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.8% per year) and France (+3.2% per year).

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, jumping by 51% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :