Denmark: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Denmark

The Danish cyclic hydrocarbons market shrank remarkably to $X in 2021, falling by -24.3% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. Cyclic hydrocarbons consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Denmark

In value terms, cyclic hydrocarbons production shrank remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with a decrease of -11.1% against the previous year. Cyclic hydrocarbons production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Denmark

Cyclic hydrocarbons exports from Denmark skyrocketed to X tons in 2021, rising by 159% compared with 2020. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 468% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, cyclic hydrocarbons exports surged to $X in 2021. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 177%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Iceland (X tons), Zambia (X tons) and Italy (X tons) were the main destinations of cyclic hydrocarbons exports from Denmark, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +409.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Canada ($X) and Zambia ($X) constituted the largest markets for cyclic hydrocarbons exported from Denmark worldwide, with a combined 77% share of total exports. These countries were followed by Iceland and Norway, which together accounted for a further 18%.

Among the main countries of destination, Iceland, with a CAGR of +144.2%, saw the highest growth rate of 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

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, which is down by -50.9% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 171%. As a result, the export price reached the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Iceland ($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 Azerbaijan (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Denmark

Cyclic hydrocarbons imports into Denmark surged to X tons in 2021, growing by 29% compared with the previous year. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports dropped to $X in 2021. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and the UK (X tons) were the main suppliers of cyclic hydrocarbons imports to Denmark, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +2.3%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of other cyclic hydrocarbons to Denmark, comprising 52% of total imports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+13.8% per year) and Belgium (+6.0% per year).

Import Prices by Country

In 2021, the average cyclic hydrocarbons import price amounted to $X per ton, reducing by -22.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 66%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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