Denmark: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Denmark

The Danish non-rolled bitumen products market reduced to $X in 2022, shrinking by -8.5% against the previous year. Over the period under review, consumption, however, enjoyed a prominent expansion. 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.

Non-Rolled Bitumen Products Production in Denmark

In value terms, non-rolled bitumen products production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 207%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Denmark

In 2022, shipments abroad of non-rolled bitumen products decreased by -63.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a mild slump. The growth pace was the most rapid in 2021 when exports increased by 229% against the previous year. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, non-rolled bitumen products exports dropped markedly to $X in 2022. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 149% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped notably in the following year.

Exports by Country

Greenland (X tons) was the main destination for non-rolled bitumen products exports from Denmark, accounting for a 56% share of total exports. Moreover, non-rolled bitumen products exports to Greenland exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Greenland totaled +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.2% per year) and Sweden (-10.2% per year).

In value terms, Greenland ($X) remains the key foreign market for non-rolled bitumen products exports from Denmark, comprising 69% of total exports. The second position in the ranking was taken by Sweden ($X), with a 13% share of total exports. It was followed by Norway, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greenland stood at +39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-17.5% per year) and Norway (-9.4% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, picking up by 4.6% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Norway ($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 Finland (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Rolled Bitumen Products Imports

Imports into Denmark

In 2022, the amount of non-rolled bitumen products imported into Denmark declined sharply to X tons, waning by -83.5% against 2021 figures. Overall, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped remarkably in the following year.

In value terms, non-rolled bitumen products imports contracted remarkably to $X in 2022. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of 207% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of non-rolled bitumen products to Denmark, accounting for a 71% share of total imports. Moreover, non-rolled bitumen products imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. Sweden (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.1% per year) and Sweden (-8.9% per year).

In value terms, Italy ($X), France ($X) and Germany ($X) appeared to be the largest non-rolled bitumen products suppliers to Denmark, with a combined 78% share of total imports.

Italy, with a CAGR of +24.9%, saw the highest rates of growth with regard to 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

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, dropping by -9.4% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 82% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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