Denmark: Sulphites Market 2024

Sulphites Market Size in Denmark

The Danish sulphites market soared to $X in 2022, jumping by 54% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sulphites Production in Denmark

In value terms, sulphites production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 111% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then shrank dramatically in the following year.

Sulphites Exports

Exports from Denmark

In 2022, overseas shipments of sulphites decreased by -42% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 117% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, sulphites exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Norway (X tons) was the main destination for sulphites exports from Denmark, with a 38% share of total exports. Moreover, sulphites exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Finland (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+17.1% per year) and Finland (+14.4% per year).

In value terms, the largest markets for sulphites exported from Denmark were Norway ($X), Sweden ($X) and Finland ($X), together accounting for 58% of total exports.

Norway, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of exports, among 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 sulphites export price stood at $X per ton in 2022, jumping by 32% against the previous year. In general, the export price, however, showed a abrupt descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Sweden ($X per ton), while the average price for exports to Finland ($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 Norway (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites Imports

Imports into Denmark

In 2022, overseas purchases of sulphites decreased by -14.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphites imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 33%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest sulphites supplier to Denmark, with a 62% share of total imports. Moreover, sulphites imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.6% per year) and Italy (+19.2% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphites to Denmark, comprising 65% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.7% per year) and Italy (+15.1% per year).

Import Prices by Country

In 2022, the average sulphites import price amounted to $X per ton, increasing by 46% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +84.8% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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