Denmark: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Denmark

The Danish polyethylene glycol and polyether market skyrocketed to $X in 2021, increasing by 30% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Denmark

In value terms, polyethylene glycol and polyether production surged to $X in 2021 estimated in export price. Overall, production saw significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Denmark

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 67% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports stood at $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The Czech Republic (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of polyethylene glycol and polyether exports from Denmark, together accounting for 39% of total exports. Poland, Finland, Norway, Lithuania, Slovakia, Estonia, Russia, Latvia, India and the United States lagged somewhat behind, together comprising a further 51%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +70.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol and polyether exported from Denmark were the Czech Republic ($X), Sweden ($X) and the UK ($X), with a combined 39% share of total exports. These countries were followed by Poland, Finland, Norway, Lithuania, Russia, Slovakia, Estonia, Latvia, the United States and India, which together accounted for a further 50%.

In terms of the main countries of destination, India, with a CAGR of +57.1%, saw the highest growth rate of the value of exports, 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 polyethylene glycol and polyether export price amounted to $X per ton, reducing by -15.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 41%. As a result, the export price attained the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to India ($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 Russia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Denmark

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were imported into Denmark; growing by 7.8% against 2020 figures. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of polyethylene glycol and polyether imports to Denmark, with a combined 80% share of total imports. These countries were followed by the Netherlands, France, Spain and Japan, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +65.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Denmark were Germany ($X), Belgium ($X) and Poland ($X), with a combined 78% share of total imports. These countries were followed by the Netherlands, France, Spain and Japan, which together accounted for a further 14%.

In terms of the main suppliers, Japan, with a CAGR of +60.0%, saw 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 polyethylene glycol and polyether import price stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Japan ($X per ton), while the price for Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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