Denmark: Cement Market 2024

Cement Market Size in Denmark

For the seventh year in a row, the Danish cement market recorded growth in sales value, which increased by 17% to $X in 2022. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +94.6% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cement Production in Denmark

In value terms, cement production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.2% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Cement Exports

Exports from Denmark

Cement exports from Denmark shrank significantly to X tons in 2022, waning by -27.7% compared with the previous year. Over the period under review, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cement exports shrank to $X in 2022. In general, exports showed a slight curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 14%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for cement exports from Denmark, with a 1.1% share of total exports. Moreover, cement exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), sixfold. The third position in this ranking was held by Greenland (X tons), with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+18.5% per year) and Greenland (+41.0% per year).

In value terms, Sweden ($X) remains the key foreign market for cement exports from Denmark, comprising 2.1% of total exports. The second position in the ranking was taken by Norway ($X), with a 0.3% share of total exports. It was followed by Greenland, with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+17.0% per year) and Greenland (+31.4% per year).

Export Prices by Country

The average cement export price stood at $X per ton in 2022, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Iceland ($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 Iceland (+1.2%), while the prices for the other major destinations experienced a decline.

Cement Imports

Imports into Denmark

In 2022, supplies from abroad of cement decreased by -36.9% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 44%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cement imports fell sharply to $X in 2022. Over the period under review, imports, however, posted a tangible increase. The pace of growth was the most pronounced in 2016 with an increase of 53% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cement to Denmark, accounting for a 61% share of total imports. Moreover, cement imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+162.2% per year) and Turkey (+4.9% per year).

In value terms, Germany ($X) constituted the largest supplier of cement to Denmark, comprising 53% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+118.1% per year) and Turkey (+5.9% per year).

Import Prices by Country

The average cement import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Estonia ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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