Denmark: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Denmark

In 2021, the Danish market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Denmark

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Denmark

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 19% to X tons, rising for the fifth year in a row after four years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 52%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Sweden (X tons) and Ireland (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Denmark, together accounting for 64% of total exports. Faroe Islands, Poland, the Netherlands, Hungary, France, Norway and Belgium lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +75.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Denmark, comprising 32% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports. It was followed by France, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+1.0% per year) and France (+85.3% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Denmark

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were imported into Denmark; with an increase of 2.4% on 2020. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, 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 imports of polyethylene with a specific gravity of less than X, in primary forms to Denmark, together comprising 67% of total imports. Norway, Poland, Italy, Sweden, Austria, France and Finland lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the largest polyethylene with a specific gravity of less than X suppliers to Denmark, with a combined 68% share of total imports. Poland, Norway, Italy, Sweden, Austria, Finland and France lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Poland, with a CAGR of +40.0%, 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

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, increasing by 57% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. 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 ($X per ton), while the price for Norway ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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