Denmark: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Denmark

After five years of growth, the Danish propylene polymer rigid pipes market decreased by -45.1% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Denmark

In value terms, propylene polymer rigid pipes production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Denmark

After two years of growth, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -27.3% to X tons in 2022. Overall, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 26%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports shrank dramatically to $X in 2022. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 38% 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

Sweden (X tons), Norway (X tons) and Iceland (X tons) were the main destinations of propylene polymer rigid pipes exports from Denmark, together accounting for 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +104.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Iceland ($X) and Faroe Islands ($X) constituted the largest markets for propylene polymer rigid pipes exported from Denmark worldwide, together comprising 55% of total exports.

In terms of the main countries of destination, Iceland, with a CAGR of +102.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average propylene polymer rigid pipes export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Faroe Islands ($X per ton), while the average price for exports to Finland ($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 Vietnam (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Denmark

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -44.9% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, propylene polymer rigid pipes imports shrank remarkably to $X in 2022. In general, imports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of propylene polymer rigid pipes to Denmark, with a 54% share of total imports. Moreover, propylene polymer rigid pipes imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.4% per year) and Poland (+10.0% per year).

In value terms, Sweden ($X), Germany ($X) and Poland ($X) were the largest propylene polymer rigid pipes suppliers to Denmark, together comprising 82% of total imports. Finland, Italy, Estonia and Austria lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Italy, with a CAGR of +24.6%, saw 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

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 6.2%. The import price peaked at $X per ton in 2014; however, from 2015 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 Poland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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