Denmark: Prepared Binders Market 2024

Prepared Binders Market Size in Denmark

In 2021, the Danish prepared binders market decreased by -49.4% to $X, falling for the third consecutive year after two years of growth. In general, consumption saw a dramatic downturn. Prepared binders consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Prepared Binders Exports

Exports from Denmark

In 2021, approx. X tons of prepared binders for foundry moulds or cores were exported from Denmark; jumping by 511% compared with the year before. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared binders exports surged to $X in 2021. Over the period under review, exports, however, showed a perceptible contraction. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for prepared binders exports from Denmark, with a 82% share of total exports. Moreover, prepared binders exports to the Philippines exceeded the volume sent to the second major destination, Iceland (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines totaled +127.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-5.4% per year) and the UK (-7.5% per year).

In value terms, the Philippines ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Denmark, comprising 43% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by Iceland, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines stood at +77.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-9.5% per year) and Iceland (-4.2% per year).

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2021, dropping by -44.1% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2018 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the Philippines ($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 Germany (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Denmark

In 2021, overseas purchases of prepared binders for foundry moulds or cores were finally on the rise to reach X tons after two years of decline. Overall, imports, however, faced a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 147%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, prepared binders imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of prepared binders to Denmark, with a 57% share of total imports. Moreover, prepared binders imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.3% per year) and Sweden (-17.8% per year).

In value terms, Italy ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Denmark, comprising 59% of total imports. The second position in the ranking was taken by the UK ($X), with a 24% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +48.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.4% per year) and Sweden (-17.0% per year).

Import Prices by Country

The average prepared binders import price stood at $X per ton in 2021, surging by 33% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared binders import price increased by +117.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 75% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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