Denmark: Other Chemical Products Market 2024

Other Chemical Products Market Size in Denmark

The Danish other chemical products market reduced to $X in 2022, falling by -10.7% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Denmark

In value terms, other chemical products production dropped significantly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from Denmark

In 2016, shipments abroad of other chemical products decreased by -4.1% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 7.8% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

In value terms, other chemical products exports contracted to $X in 2016. In general, exports recorded a abrupt setback. The smallest decline of -0.3% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for other chemical products exports from Denmark, with a 6% share of total exports. Moreover, other chemical products exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with a 2.6% share.

From 2012 to 2016, the average annual growth rate of volume to Norway amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.5% per year) and Brazil (+112.7% per year).

In value terms, Sweden ($X), Norway ($X) and the UK ($X) constituted the largest markets for other chemical products exported from Denmark worldwide, together comprising 7.2% of total exports. Nigeria, Finland, the United Arab Emirates, Russia, Germany, Brazil, Bolivia, Poland and Turkey lagged somewhat behind, together accounting for a further 8.7%.

Nigeria, with a CAGR of +244.0%, saw 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

In 2016, the average other chemical products export price amounted to $X per ton, dropping by -3.7% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 a decrease of -1% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Brazil ($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 Finland (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Denmark

In 2016, purchases abroad of other chemical products was finally on the rise to reach X tons for the first time since 2012, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.3% from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports skyrocketed to $X in 2016. In general, imports, however, saw a noticeable slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, Germany (X tons) constituted the largest supplier of other chemical products to Denmark, accounting for a 38% share of total imports. Moreover, other chemical products imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Norway (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2016, the average annual growth rate of volume from Germany amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-19.7% per year) and Norway (-6.1% per year).

In value terms, Germany ($X), the UK ($X) and Belgium ($X) constituted the largest other chemical products suppliers to Denmark, together accounting for 48% of total imports. Switzerland, Sweden, the Netherlands, Lithuania, Norway, Spain, Italy, France, Austria and Poland lagged somewhat behind, together accounting for a further 44%.

Lithuania, with a CAGR of +172.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, with a decrease of -9.9% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 4.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2016, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Norway (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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