Denmark: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Denmark

The Danish market for palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021, increasing by 74% against the previous year. Overall, consumption saw a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Denmark

In value terms, production of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 173%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Denmark

In 2021, overseas shipments of palmitic acid, stearic acid, their salts and esters decreased by -64% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 129% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters reduced rapidly to $X in 2021. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 118% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Denmark, with a 66% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Germany exceeded the volume sent to the second major destination, Algeria (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-14.4% per year) and Sweden (-15.1% per year).

In value terms, the largest markets for palmitic acid, stearic acid, their salts and esters exported from Denmark were Germany ($X), Algeria ($X) and Sweden ($X), with a combined 87% share of total exports. These countries were followed by the Czech Republic, Poland and Finland, which together accounted for a further 5.1%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +41.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, falling by -20.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 39%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 Sweden (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Denmark

In 2021, imports of palmitic acid, stearic acid, their salts and esters into Denmark surged to X tons, with an increase of 18% against 2020. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 126%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 92%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Malaysia (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Denmark, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Denmark were the Netherlands ($X), Germany ($X) and Singapore ($X), with a combined 75% share of total imports.

Among the main suppliers, Germany, with a CAGR of +21.7%, saw the highest rates of growth with regard to 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 import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, surging by 12% against the previous year. In general, the import price, however, showed a pronounced decline. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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