Denmark: Packaging Materials Market 2024

Packaging Materials Market Size in Denmark

The Danish packaging materials market dropped to $X in 2022, reducing by -1.7% against the previous year. Over the period under review, consumption continues to indicate a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Packaging Materials Production in Denmark

In value terms, packaging materials production dropped to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Packaging materials production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Packaging Materials Exports

Exports from Denmark

In 2022, overseas shipments of packaging materials decreased by -2.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, packaging materials exports declined slightly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 52%. The exports peaked at $X in 2021, and then fell slightly in the following year.

Exports by Country

Germany (X tons), Sweden (X tons) and Poland (X tons) were the main destinations of packaging materials exports from Denmark, together accounting for 53% of total exports. The UK, the Netherlands, Norway, France, Belgium, Slovakia, Finland, Tunisia and Hungary lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +59.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for packaging materials exports from Denmark, comprising 29% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by Sweden, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+21.9% per year) and Sweden (+5.5% per year).

Export Prices by Country

The average packaging materials export price stood at $X per ton in 2022, increasing by 2.3% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, packaging materials export price increased by +19.3% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 23%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Sweden ($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 France (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into Denmark

In 2022, the amount of packaging materials imported into Denmark fell to X tons, reducing by -5.3% on the previous year. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, packaging materials imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of packaging materials imports to Denmark, with a combined 78% share of total imports. Austria, Poland, Finland and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest packaging materials suppliers to Denmark were Sweden ($X), Germany ($X) and Austria ($X), together comprising 74% of total imports.

In terms of the main suppliers, Austria, with a CAGR of +14.4%, recorded the highest growth rate of 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

The average packaging materials import price stood at $X per ton in 2022, rising by 3.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Finland ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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