Denmark: Propene Market 2024

Propene Market Size in Denmark

The Danish propene market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Propene Production in Denmark

In value terms, propene production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 78%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Propene Exports

Exports from Denmark

In 2021, overseas shipments of propene (propylene) increased by 1,813% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, propene exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Faroe Islands (X tons) was the main destination for propene exports from Denmark, accounting for a 96% share of total exports. Moreover, propene exports to Faroe Islands exceeded the volume sent to the second major destination, Norway (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Faroe Islands totaled +5,861.2%.

In value terms, Faroe Islands ($X) emerged as the key foreign market for propene (propylene) exports from Denmark, comprising 94% of total exports. The second position in the ranking was held by Norway ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Faroe Islands amounted to +4,053.1%.

Export Prices by Country

The average propene export price stood at $X per ton in 2021, reducing by -31.2% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2020, and then fell remarkably in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Faroe Islands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.3%).

Propene Imports

Imports into Denmark

In 2021, overseas purchases of propene (propylene) decreased by -17.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 239%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, propene imports expanded significantly to $X in 2021. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2019 when imports increased by 260% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Norway (X tons) and the UK (X kg) were the main suppliers of propene imports to Denmark, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +67.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propene suppliers to Denmark were Germany ($X), Norway ($X) and the UK ($X), with a combined 100% share of total imports.

In terms of the main suppliers, Norway, with a CAGR of +98.0%, recorded the highest growth rate of 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

In 2021, the average propene import price amounted to $X per ton, picking up by 30% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+29.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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