Denmark: Phenols Market 2024

Phenols Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish phenols market, when its value decreased by X% to $X. Overall, consumption continues to indicate a mild contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Phenols Production in Denmark

In value terms, phenols production declined significantly to $X in 2022 estimated in export price. In general, production, however, saw a mild decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Phenols Exports

Exports from Denmark

In 2022, overseas shipments of phenols increased by X% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, phenols exports expanded notably to $X in 2022. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for phenols exports from Denmark, accounting for a X% share of total exports. It was followed by Russia (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Ukraine (X% per year).

In value terms, Sweden ($X) remains the key foreign market for phenols exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average phenols export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Sweden ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Phenols Imports

Imports into Denmark

In 2022, the amount of phenols imported into Denmark expanded sharply to X tons, picking up by X% on the previous year's figure. Overall, imports saw a tangible expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, phenols imports surged to $X in 2022. Over the period under review, imports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest phenols supplier to Denmark, with a X% share of total imports. Moreover, phenols imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Finland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of phenols to Denmark, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the average phenols import price amounted to $X per ton, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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