Denmark: Plastic Bag Market 2024

Plastic Bag Market Size in Denmark

After two years of growth, the Danish plastic bag market decreased by -15.4% to $X in 2022. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Plastic Bag Production in Denmark

In value terms, plastic bag production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Plastic bag production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Bag Exports

Exports from Denmark

Plastic bag exports from Denmark rose markedly to X tons in 2022, picking up by 7.1% against 2021 figures. Over the period under review, exports, however, showed a slight curtailment. The growth pace was the most rapid in 2018 when exports increased by 11% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports totaled $X in 2022. Overall, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2018 when exports increased by 16% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of plastic bag exports from Denmark, together comprising 67% of total exports. France, Poland, Greenland, Iceland, Finland, Latvia, the Netherlands and the UK lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of +6.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for plastic sacks and bags exports from Denmark, comprising 32% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-4.5% per year) and Germany (-7.7% per year).

Export Prices by Country

In 2022, the average plastic bag export price amounted to $X per ton, increasing by 2.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 11% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 the UK (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in supplies from abroad of plastic sacks and bags, which increased by 4.6% to X tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.2%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plastic bag imports totaled $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of plastic bag imports to Denmark, together accounting for 38% of total imports. Poland, Lithuania, Sweden, Turkey, Italy, the Netherlands, Norway, Bulgaria and Malaysia lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Vietnam ($X) and China ($X) were the largest plastic bag suppliers to Denmark, with a combined 39% share of total imports. Sweden, the Netherlands, Lithuania, Poland, Turkey, Italy, Norway, Bulgaria and Malaysia lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Bulgaria, with a CAGR of +18.1%, recorded the highest growth rate of 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 plastic bag import price stood at $X per ton in 2022, with an increase of 2.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 8%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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