Denmark: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Denmark

The Danish polyethylene in primary forms market skyrocketed to $X in 2021, growing by 28% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene in Primary Forms in Denmark

In value terms, polyethylene in primary forms production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate resilient growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Denmark

In 2021, the amount of polyethylene in primary forms exported from Denmark skyrocketed to X tons, increasing by 17% on the previous year. In general, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% 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 +93.9% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 39%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, polyethylene in primary forms exports surged to $X in 2021. Overall, exports saw a strong increase. The growth pace was the most rapid in 2017 when exports increased by 36% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for polyethylene in primary forms exports from Denmark, accounting for a 46% share of total exports. Moreover, polyethylene in primary forms exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.6% per year) and Poland (+15.3% per year).

In value terms, the largest markets for polyethylene in primary forms exported from Denmark were Sweden ($X), Germany ($X) and France ($X), together accounting for 57% of total exports.

In terms of the main countries of destination, France, with a CAGR of +84.7%, recorded the highest rates of growth with regard to 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 in primary forms export price amounted to $X per ton, jumping by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2018 an increase of 19%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($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 Norway (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Denmark

In 2021, after six years of growth, there was decline in supplies from abroad of polyethylene in primary forms, when their volume decreased by -1.8% to X tons. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 9.1% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank in the following year.

In value terms, polyethylene in primary forms imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of polyethylene in primary forms imports to Denmark, together comprising 65% of total imports. These countries were followed by Sweden, Norway, Finland, Hungary, France, Italy, Poland, Austria and the UK, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +52.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the largest polyethylene in primary forms suppliers to Denmark, with a combined 65% share of total imports. These countries were followed by Sweden, Poland, Finland, Hungary, Norway, Italy, France, Austria and the UK, which together accounted for a further 30%.

Hungary, with a CAGR of +52.4%, recorded the highest rates of growth with regard to the value of imports, among 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 polyethylene in primary forms import price stood at $X per ton in 2021, picking up by 48% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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