Denmark: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Denmark

In 2022, the Danish plastic reservoir market increased by 4.2% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a buoyant expansion. Plastic reservoir consumption peaked in 2022 and is expected to retain growth in years to come.

Plastic Reservoir Production in Denmark

In value terms, plastic reservoir production contracted remarkably to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19,305% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then declined sharply in the following year.

Plastic Reservoir Exports

Exports from Denmark

In 2022, exports of plastic reservoirs, tanks and vats from Denmark rose significantly to X tons, increasing by 5.9% compared with 2021. Overall, exports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 82%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports contracted to $X in 2022. In general, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 141% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of plastic reservoir exports from Denmark, with a combined 61% share of total exports. Germany, Greenland, Faroe Islands, the Netherlands, Canada, Hungary, Austria, Belgium, the United Arab Emirates and Iceland lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +46.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Denmark, comprising 33% of total exports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total exports. It was followed by Finland, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-5.7% per year) and Finland (+18.7% per year).

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, falling by -15.9% against the previous year. Overall, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 68% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Iceland ($X per ton), while the average price for exports to Finland ($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 Iceland (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Denmark

Plastic reservoir imports into Denmark soared to X tons in 2022, with an increase of 47% on the year before. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of 101%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, plastic reservoir imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 73%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Norway (X tons) and Sweden (X tons) were the main suppliers of plastic reservoir imports to Denmark, together comprising 86% of total imports. Finland, Spain, the Netherlands and France lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +28.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to Denmark were Germany ($X), Norway ($X) and Finland ($X), together comprising 76% of total imports. Sweden, the Netherlands, Spain and France lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Spain, with a CAGR of +25.3%, 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

In 2022, the average plastic reservoir import price amounted to $X per ton, waning by -9.7% against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of 8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Finland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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