Denmark: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Denmark

The Danish polypropylene in primary forms market declined to $X in 2022, reducing by -9.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Polypropylene in primary forms consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Polypropylene in Primary Forms in Denmark

In value terms, polypropylene in primary forms production dropped notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 887% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Denmark

In 2022, shipments abroad of polypropylene in primary forms decreased by -32.6% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2018 with an increase of 32%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, polypropylene in primary forms exports contracted rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 48%. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Sweden (X tons), Germany (X tons) and Poland (X tons) were the main destinations of polypropylene in primary forms exports from Denmark, with a combined 55% share of total exports. Finland, the Czech Republic, Switzerland, Turkey, France, Singapore, the Netherlands, the UK, Italy and Belgium lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +403.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene in primary forms exported from Denmark were Germany ($X), Sweden ($X) and Finland ($X), with a combined 54% share of total exports. Switzerland, the Czech Republic, Poland, Turkey, Singapore, Belgium, France, Italy, the Netherlands and the UK lagged somewhat behind, together comprising a further 38%.

Turkey, with a CAGR of +315.4%, saw the highest rates of growth with regard to 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

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, jumping by 23% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms export price increased by +69.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Poland ($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 Belgium (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Denmark

In 2022, purchases abroad of polypropylene in primary forms decreased by -12.5% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 7.3%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main suppliers of polypropylene in primary forms imports to Denmark, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +132.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Saudi Arabia ($X) were the largest polypropylene in primary forms suppliers to Denmark, with a combined 66% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +125.0%, saw the highest rates of growth with regard to 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 polypropylene in primary forms import price stood at $X per ton in 2022, which is down by -2.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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