Denmark: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Denmark

In 2021, the Danish reclaimed rubber market increased by 5% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +101.3% against 2017 indices. Reclaimed rubber consumption peaked in 2021 and is likely to continue growth in years to come.

Reclaimed Rubber Production in Denmark

In value terms, reclaimed rubber production shrank to $X in 2021 estimated in export price. In general, production recorded a tangible increase. The growth pace was the most rapid in 2013 with an increase of 43%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Reclaimed Rubber Exports

Exports from Denmark

In 2021, exports of reclaimed rubber from Denmark skyrocketed to X tons, increasing by 134% on the previous year's figure. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 257%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, reclaimed rubber exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 99% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Faroe Islands (X tons) was the main destination for reclaimed rubber exports from Denmark, with a 79% share of total exports. Moreover, reclaimed rubber exports to Faroe Islands exceeded the volume sent to the second major destination, the United States (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Faroe Islands stood at +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.8% per year) and Norway (-42.6% per year).

In value terms, the largest markets for reclaimed rubber exported from Denmark were the United States ($X), Faroe Islands ($X) and Norway ($X), together comprising 81% of total exports.

In terms of the main countries of destination, Faroe Islands, with a CAGR of +43.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, declining by -48.8% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 153% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Faroe Islands ($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 the United States (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Denmark

In 2021, overseas purchases of reclaimed rubber increased by 254% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 399%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, reclaimed rubber imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 385% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main reclaimed rubber supplier to Denmark, accounting for a 97% share of total imports. It was followed by the UK (X tons), with a 2.9% share of total imports. Norway (X kg) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +231.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-20.6% per year) and Norway (-47.3% per year).

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to Denmark, comprising 80% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports. It was followed by Norway, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +144.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-17.5% per year) and Norway (-43.3% per year).

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, which is down by -53.5% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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