Denmark: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Denmark

In 2022, the Danish plastic ornamental articles market decreased by -10.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate noticeable growth. Plastic ornamental articles consumption peaked at $X in 2021, and then reduced in the following year.

Plastic Ornamental Articles Production in Denmark

In value terms, plastic ornamental articles production totaled $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 264%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Denmark

In 2022, the amount of statuettes and other ornamental articles of plastic exported from Denmark dropped to X tons, shrinking by -5.2% on 2021. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 83% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic ornamental articles exports reduced to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for plastic ornamental articles exports from Denmark, with a 36% share of total exports. Moreover, plastic ornamental articles exports to Thailand exceeded the volume sent to the second major destination, Sweden (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +93.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+4.7% per year) and Norway (+4.5% per year).

In value terms, Sweden ($X), Norway ($X) and Germany ($X) constituted the largest markets for plastic ornamental articles exported from Denmark worldwide, with a combined 42% share of total exports. Poland, France, the UK, Thailand, Switzerland, the Netherlands, Belgium, Iceland and Finland lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Thailand, with a CAGR of +68.2%, saw the highest growth rate of 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 plastic ornamental articles export price stood at $X per ton in 2022, shrinking by -2.3% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2020 when the average export price increased by 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Thailand ($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 Germany (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Denmark

Plastic ornamental articles imports into Denmark shrank to X tons in 2022, which is down by -9.9% on the year before. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 41%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic ornamental articles imports dropped to $X in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 63%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Denmark, accounting for a 68% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+0.5% per year) and the Netherlands (+7.7% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Denmark, comprising 69% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 6.2% share of total imports. It was followed by Sweden, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+181.8% per year) and Sweden (+16.4% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, increasing by 4.1% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price 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, plastic ornamental articles import price increased by +63.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is expected to retain 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 the Philippines ($X per ton), while the price for Vietnam ($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 Philippines (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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