Denmark: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Denmark

In 2022, the Danish vulcanised rubber seal market decreased by -7.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.8% against 2019 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Vulcanised Rubber Seal Production in Denmark

In value terms, vulcanised rubber seal production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +47.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. Vulcanised rubber seal production peaked at $X in 2021, and then dropped in the following year.

Vulcanised Rubber Seal Exports

Exports from Denmark

In 2022, overseas shipments of seals of vulcanised rubber increased by 14% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 63%. The exports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, vulcanised rubber seal exports totaled $X in 2022. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and the United States (X tons) were the main destinations of vulcanised rubber seal exports from Denmark, together accounting for 42% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest markets for vulcanised rubber seal exported from Denmark worldwide, with a combined 39% share of total exports. Sweden, Poland, Singapore, Norway, Italy, the Netherlands, Lithuania, the UK, Spain and Hungary lagged somewhat behind, together comprising a further 32%.

Singapore, with a CAGR of +26.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber seal export price stood at $X per ton in 2022, which is down by -5.8% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber seal export price increased by +80.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Poland ($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 the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in supplies from abroad of seals of vulcanised rubber, which increased by 0.6% to X tons in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 46%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports totaled $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest vulcanised rubber seal supplier to Denmark, with a 47% share of total imports. Moreover, vulcanised rubber seal imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.9% per year) and Sweden (+10.4% per year).

In value terms, Germany ($X), Sweden ($X) and China ($X) appeared to be the largest vulcanised rubber seal suppliers to Denmark, together accounting for 55% of total imports. Poland, Italy, the Netherlands, the UK, France and Romania lagged somewhat behind, together comprising a further 30%.

Romania, with a CAGR of +80.5%, recorded the highest growth rate of 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 vulcanised rubber seal import price stood at $X per ton in 2022, picking up by 2.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 40%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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