Denmark: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Denmark

The Danish market for polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to $X in 2022, jumping by 20% against the previous year. Overall, consumption, however, faced a precipitous decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Denmark

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted notably to $X in 2022 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1,039%. Production of peaked at $X in 2021, and then reduced dramatically in the following year.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Denmark

In 2016, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Denmark contracted dramatically to X tons, shrinking by -25.8% compared with the previous year's figure. In general, exports recorded a sharp contraction. The growth pace was the most rapid in 2015 with an increase of 33% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell significantly to $X in 2016. Over the period under review, exports saw a sharp shrinkage. The growth pace was the most rapid in 2015 with an increase of 5.4%. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Denmark, accounting for a 89% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the Czech Republic exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.1% share.

From 2012 to 2016, the average annual growth rate of volume to the Czech Republic totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+34.1% per year) and Germany (-58.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Denmark, comprising 75% of total exports. The second position in the ranking was held by the UK ($X), with a 5.8% share of total exports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2016, the average annual rate of growth in terms of value to the Czech Republic totaled -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+42.5% per year) and the Netherlands (-39.9% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, picking up by 11% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Denmark

For the third year in a row, Denmark recorded growth in supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, which increased by 7.4% to X tons in 2016. The total import volume increased at an average annual rate of +5.8% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. Imports peaked in 2016 and are expected to retain growth in the near future.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined slightly to $X in 2016. In general, imports, however, showed a abrupt setback. The smallest decline of -3.1% was in 2014. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Denmark, together accounting for 68% of total imports. Lithuania, the UK, Indonesia, Belgium, the Czech Republic and Spain lagged somewhat behind, together comprising a further 27%.

From 2012 to 2016, the biggest increases were recorded for Indonesia (with a CAGR of +407.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) appeared to be the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Denmark, with a combined 66% share of total imports. Lithuania, the UK, Belgium, Indonesia, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 30%.

Indonesia, with a CAGR of +342.3%, saw the highest growth rate of the value of imports, in terms of 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 import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, reducing by -11.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -3.7%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were the Czech Republic ($X per ton) and Belgium ($X per ton), while the price for Sweden ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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