Denmark: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Denmark

The Danish polyethylene binder market soared to $X in 2022, growing by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Polyethylene Binder Exports

Exports from Denmark

In 2022, shipments abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by -30.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 160%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports reduced to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 163%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of polyethylene binder exports from Denmark, together accounting for 80% of total exports. Estonia, Greenland, Poland, Iceland, Germany and France lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +183.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene binder exported from Denmark were the Netherlands ($X), Norway ($X) and Sweden ($X), with a combined 71% share of total exports. Greenland, Estonia, Iceland, Poland, Germany and France lagged somewhat behind, together accounting for a further 22%.

Estonia, with a CAGR of +168.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, picking up by 24% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 Portugal (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Denmark

In 2022, imports of polyethylene or polypropylene binder or baler (agricultural) twines into Denmark skyrocketed to X tons, increasing by 32% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a mild setback. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, polyethylene binder imports surged to $X in 2022. In general, imports, however, showed a mild descent. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest polyethylene binder supplier to Denmark, with a 76% share of total imports. Moreover, polyethylene binder imports from Portugal exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and Finland (+103.4% per year).

In value terms, Portugal ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Denmark, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.1% per year) and Finland (+99.3% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, picking up by 7.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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