Denmark: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Denmark

The Danish sodium phosphates market surged to $X in 2021, increasing by 62% against the previous year. Over the period under review, consumption recorded resilient growth. Sodium phosphates consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Sodium Phosphates Production in Denmark

In value terms, sodium phosphates production surged to $X in 2021 estimated in export price. In general, production saw a resilient increase. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Sodium Phosphates Exports

Exports from Denmark

In 2021, overseas shipments of phosphates of mono- or di-sodium increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 163%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sodium phosphates exports surged to $X in 2021. In general, exports continue to indicate perceptible growth. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), France (X tons) and Sweden (X tons) were the main destinations of sodium phosphates exports from Denmark, together accounting for 66% of total exports. Norway, Japan, the United States and Brazil lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +613.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sodium phosphates exported from Denmark were France ($X), Japan ($X) and Malaysia ($X), with a combined 64% share of total exports. Sweden, the United States, Brazil and Norway lagged somewhat behind, together comprising a further 26%.

Norway, with a CAGR of +390.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 sodium phosphates export price amounted to $X per ton, with an increase of 39% against the previous year. In general, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2019 an increase of 101%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Norway ($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 Germany (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Phosphates Imports

Imports into Denmark

In 2021, approx. X tons of phosphates of mono- or di-sodium were imported into Denmark; jumping by 46% on 2020. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 144% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, sodium phosphates imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 74%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of sodium phosphates imports to Denmark, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +59.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest sodium phosphates suppliers to Denmark were Belgium ($X), Germany ($X) and the Czech Republic ($X), with a combined 99% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +58.0%, 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 mixed trend patterns.

Import Prices by Country

The average sodium phosphates import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium phosphates import price increased by +53.7% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the Czech Republic ($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 (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :