Denmark: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Denmark

In 2022, the Danish phosphinates and phosphonates market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Phosphinates And Phosphonates Production in Denmark

In value terms, phosphinates and phosphonates production contracted to $X in 2022 estimated in export price. Overall, production saw a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 103% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Denmark

In 2022, exports of phosphinates (hypophosphites) and phosphonates (phosphites) from Denmark fell rapidly to X tons, which is down by -20.3% against 2021. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 152%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports reduced markedly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 84%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for phosphinates and phosphonates exports from Denmark, with a 57% share of total exports. Moreover, phosphinates and phosphonates exports to India exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.0% per year) and Germany (+34.6% per year).

In value terms, the largest markets for phosphinates and phosphonates exported from Denmark were India ($X), Belgium ($X) and Germany ($X), together comprising 89% of total exports.

Germany, with a CAGR of +39.2%, recorded the highest rates of growth with regard to 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 2022, the average phosphinates and phosphonates export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 54% against the previous year. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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 Belgium ($X per ton), while the average price for exports to Germany ($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 Sweden (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Denmark

After two years of decline, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 81% to X tons in 2022. Overall, imports, however, continue to indicate a abrupt decline. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports surged to $X in 2022. Over the period under review, imports, however, saw a perceptible curtailment. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and China (X tons) were the main suppliers of phosphinates and phosphonates imports to Denmark, with a combined 95% share of total imports. Italy lagged somewhat behind, accounting for a further 4.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +65.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and China ($X) constituted the largest phosphinates and phosphonates suppliers to Denmark, together accounting for 92% of total imports. Italy lagged somewhat behind, comprising a further 4.6%.

Italy, with a CAGR of +69.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, jumping by 40% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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