Denmark: Silicates Market 2024

Silicates Market Size in Denmark

After five years of growth, the Danish silicates market decreased by -11.1% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Silicates Production in Denmark

In value terms, silicates production rose significantly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 64%. Silicates production peaked in 2021 and is expected to retain growth in the immediate term.

Silicates Exports

Exports from Denmark

In 2021, overseas shipments of silicates, commercial alkali metal silicates increased by 31% to X tons, rising for the fourth year in a row after four years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 263%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, silicates exports soared to $X in 2021. In general, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2019 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), Finland (X tons) and Germany (X tons) were the main destinations of silicates exports from Denmark, together accounting for 79% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +21.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Denmark, comprising 46% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Finland, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.3% per year) and Finland (+7.6% per year).

Export Prices by Country

In 2021, the average silicates export price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($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 Norway (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Silicates Imports

Imports into Denmark

In 2021, approx. X tons of silicates, commercial alkali metal silicates were imported into Denmark; jumping by 16% against 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, silicates imports soared to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 +86.9% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of silicates imports to Denmark, with a combined 76% share of total imports. Poland, France, Ukraine, Finland and Sweden lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates suppliers to Denmark were Germany ($X), the Netherlands ($X) and the Czech Republic ($X), together accounting for 82% of total imports. Poland, France, Finland, Ukraine and Sweden lagged somewhat behind, together comprising a further 15%.

France, with a CAGR of +33.8%, recorded 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

In 2021, the average silicates import price amounted to $X per ton, picking up by 18% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicates import price increased by +82.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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