Denmark: Mineral Wool Market 2024

Mineral Wool Market Size in Denmark

For the fourth year in a row, the Danish mineral wool market recorded growth in sales value, which increased by 89% to $X in 2021. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mineral Wool Production in Denmark

In value terms, mineral wool production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decline. Mineral wool production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Mineral Wool Exports

Exports from Denmark

In 2019, overseas shipments of slag wool, rock wool and similar mineral wools and mixtures decreased by -38.2% to X tons for the first time since 2016, thus ending a two-year rising trend. Over the period under review, total exports indicated a notable increase from 2012 to 2019: its volume increased at an average annual rate of +3.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 52% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, mineral wool exports fell remarkably to $X in 2019. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Sweden (X tons) was the main destination for mineral wool exports from Denmark, accounting for a 49% share of total exports. Moreover, mineral wool exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), twofold. Poland (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2019, the average annual growth rate of volume to Sweden amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+8.9% per year) and Poland (+53.2% per year).

In value terms, the largest markets for mineral wool exported from Denmark were Sweden ($X), Norway ($X) and Finland ($X), with a combined 73% share of total exports. Germany, Poland, Japan and Italy lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Italy, with a CAGR of +40.9%, saw 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

The average mineral wool export price stood at $X per ton in 2019, surging by 16% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Denmark

In 2021, overseas purchases of slag wool, rock wool and similar mineral wools and mixtures increased by 14% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a noticeable contraction. The growth pace was the most rapid in 2016 when imports increased by 26%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of mineral wool imports to Denmark, together comprising 78% of total imports. The UK, Germany, Ireland and the Czech Republic lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +274.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest mineral wool suppliers to Denmark, together accounting for 70% of total imports. These countries were followed by the UK, Germany, Ireland and the Czech Republic, which together accounted for a further 28%.

Ireland, with a CAGR of +265.6%, recorded 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 mineral wool import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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