Denmark: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Denmark

The Danish salts of acetic acid market shrank to $X in 2022, reducing by -5.1% against the previous year. In general, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Salts Of Acetic Acid in Denmark

In value terms, salts of acetic acid production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Salts Of Acetic Acid

Exports from Denmark

In 2022, overseas shipments of salts of acetic acid decreased by -4.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 111% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, salts of acetic acid exports amounted to $X in 2022. In general, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 94%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), Germany (X tons) and Finland (X tons) were the main destinations of salts of acetic acid exports from Denmark, together comprising 98% 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 Finland (with a CAGR of +49.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salts of acetic acid exported from Denmark were Germany ($X), Sweden ($X) and Finland ($X), with a combined 95% share of total exports.

In terms of the main countries of destination, Finland, with a CAGR of +54.0%, 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 salts of acetic acid export price amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Faroe Islands ($X per ton), while the average price for exports to Sweden ($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 Faroe Islands (+271.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports into Denmark

In 2022, purchases abroad of salts of acetic acid decreased by -11.9% to X tons, falling for the sixth year in a row after two years of growth. In general, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 12%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, salts of acetic acid imports fell slightly to $X in 2022. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Canada (X tons) were the main suppliers of salts of acetic acid imports to Denmark, together comprising 63% of total imports. China, Belgium, Sweden and Spain lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +93.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid suppliers to Denmark were Germany ($X), the Netherlands ($X) and Canada ($X), together comprising 75% of total imports. China, Spain, Sweden and Belgium lagged somewhat behind, together accounting for a further 21%.

Spain, with a CAGR of +108.9%, saw the highest growth rate of the value of imports, in terms of 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 salts of acetic acid import price stood at $X per ton in 2022, growing by 10% against the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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