Denmark: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Denmark

The Danish ethylene polymer rigid pipes market was estimated at $X in 2021, rising by 3.1% against the previous year. In general, consumption, however, saw a noticeable contraction. Ethylene polymer rigid pipes consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Denmark

In value terms, ethylene polymer rigid pipes production declined to $X in 2021 estimated in export price. Overall, production saw a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Denmark

In 2021, exports of rigid tubes, pipes and hoses of polymers of ethylene from Denmark dropped to X tons, which is down by -5.9% against the previous year's figure. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, ethylene polymer rigid pipes exports expanded notably to $X in 2021. Over the period under review, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 32%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for ethylene polymer rigid pipes exports from Denmark, with a 48% share of total exports. Moreover, ethylene polymer rigid pipes exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+16.1% per year) and Norway (+11.8% per year).

In value terms, Germany ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Denmark, comprising 53% of total exports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total exports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+17.2% per year) and Norway (+9.0% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Faroe Islands ($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 UK (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Denmark

In 2021, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 6% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.1% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 46%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 2017 when imports increased by 24%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Denmark, together comprising 74% of total imports. These countries were followed by Serbia, Norway, Latvia, the Netherlands, Finland, Italy, the Czech Republic and the UK, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +543.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Sweden ($X) appeared to be the largest ethylene polymer rigid pipes suppliers to Denmark, with a combined 78% share of total imports. These countries were followed by Norway, Serbia, the Netherlands, Finland, Italy, Latvia, the UK and the Czech Republic, which together accounted for a further 18%.

Among the main suppliers, Serbia, with a CAGR of +634.0%, recorded the highest rates of growth with regard to 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

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 16%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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