Denmark: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Denmark

The Danish synthetic organic colouring matters market contracted notably to $X in 2022, dropping by -38% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Production of Other Synthetic Organic Colouring Matters in Denmark

In value terms, synthetic organic colouring matters production shrank remarkably to $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 149% against the previous year. As a result, production reached the peak level of $X, and then fell significantly in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports from Denmark

In 2022, overseas shipments of other synthetic organic colouring matters decreased by -52% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 5.4% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, synthetic organic colouring matters exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 12% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for synthetic organic colouring matters exports from Denmark, with a 41% share of total exports. Moreover, synthetic organic colouring matters exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. Sweden (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+47.2% per year) and Sweden (+38.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for other synthetic organic colouring matters exports from Denmark, comprising 31% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Sweden, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+35.4% per year) and Sweden (+26.4% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-2.5%), while the prices for the other major destinations experienced a decline.

Imports of Other Synthetic Organic Colouring Matters

Imports into Denmark

In 2022, approx. X tons of other synthetic organic colouring matters were imported into Denmark; waning by -52.3% on 2021 figures. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2015 when imports increased by 6.9%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, synthetic organic colouring matters imports plummeted to $X in 2022. In general, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of synthetic organic colouring matters imports to Denmark, with a combined 57% share of total imports. The Netherlands, China, the UK and France lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +1.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest synthetic organic colouring matters suppliers to Denmark were India ($X), Sweden ($X) and the Netherlands ($X), together accounting for 53% of total imports.

The Netherlands, with a CAGR of +5.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average synthetic organic colouring matters import price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2021 an increase of 21%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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