Denmark: Resinoids Market 2024

Resinoids Market Size in Denmark

The Danish resinoids market dropped to $X in 2022, which is down by -14.2% against the previous year. Overall, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Resinoids Production in Denmark

In value terms, resinoids production reduced to $X in 2022 estimated in export price. In general, production showed a deep slump. The growth pace was the most rapid in 2018 when the production volume increased by 26% against the previous year. Resinoids production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Resinoids Exports

Exports from Denmark

In 2022, resinoids exports from Denmark skyrocketed to X tons, with an increase of 436% compared with 2021 figures. In general, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 132,200%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, resinoids exports surged to $X in 2022. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 73,697% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for resinoids exports from Denmark, accounting for a 66% share of total exports. Moreover, resinoids exports to Norway exceeded the volume sent to the second major destination, the UK (X kg), fourfold. The third position in this ranking was taken by the United States (X kg), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+134.9% per year) and the United States (+180.0% per year).

In value terms, Norway ($X) emerged as the key foreign market for resinoids exports from Denmark, comprising 88% of total exports. The second position in the ranking was taken by the UK ($X), with a 6.5% share of total exports. It was followed by the United States, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+46.9% per year) and the United States (+52.1% per year).

Export Prices by Country

In 2022, the average resinoids export price amounted to $X per ton, shrinking by -45.9% against the previous year. In general, the export price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 204%. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Norway (+10.6%), while the prices for the other major destinations experienced a decline.

Resinoids Imports

Imports into Denmark

In 2022, imports of resinoids into Denmark fell significantly to X kg, waning by -65.6% on the previous year. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 57,305% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, resinoids imports reduced notably to $X in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 8,068%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X kg), the UK (X kg) and the United States (X kg) were the main suppliers of resinoids imports to Denmark, together accounting for 90% of total imports. Sweden, Slovakia and Norway lagged somewhat behind, together accounting for a further 6.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +122.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest resinoids suppliers to Denmark were France ($X), the UK ($X) and the United States ($X), together comprising 82% of total imports. Sweden, Norway and Slovakia lagged somewhat behind, together accounting for a further 13%.

Norway, with a CAGR of +177.8%, recorded the highest rates of growth with regard to 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

The average resinoids import price stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2020 when the average import price increased by 619%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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