Denmark: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Denmark

The Danish silicon dioxide market surged to $X in 2021, jumping by 32% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silicon Dioxide Production in Denmark

In value terms, silicon dioxide production soared to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 10,999% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.

Silicon Dioxide Exports

Exports from Denmark

In 2021, overseas shipments of silicon dioxide increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports shrank rapidly to $X in 2021. Over the period under review, exports, however, recorded a slight curtailment. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for silicon dioxide exports from Denmark, accounting for a 81% share of total exports. Moreover, silicon dioxide exports to Spain exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold. The third position in this ranking was held by Slovakia (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-9.6% per year) and Slovakia (+44.0% per year).

In value terms, Spain ($X) remains the key foreign market for silicon dioxide exports from Denmark, comprising 35% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Slovakia, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.9% per year) and Slovakia (+67.9% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, waning by -39.4% against the previous year. Overall, the export price, however, posted a mild expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 39%. The export price peaked at $X per ton in 2020, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Spain ($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 Sweden (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Denmark

In 2021, purchases abroad of silicon dioxide increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, silicon dioxide imports surged to $X in 2021. Overall, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 80%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of silicon dioxide to Denmark, accounting for a 61% share of total imports. Moreover, silicon dioxide imports from Norway exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Norway amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.4% per year) and Japan (-7.0% per year).

In value terms, Japan ($X), Norway ($X) and Germany ($X) were the largest silicon dioxide suppliers to Denmark, with a combined 80% share of total imports. China and Egypt lagged somewhat behind, together comprising a further 14%.

Egypt, with a CAGR of +16.2%, saw the highest rates of growth with regard to 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 silicon dioxide import price stood at $X per ton in 2021, rising by 21% against the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 109% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :