Denmark: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Denmark

In 2021, the Danish synthetic filament tow market increased by 300% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a precipitous setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Synthetic Filament Tow Production in Denmark

In value terms, synthetic filament tow production fell slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. Synthetic filament tow production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports from Denmark

In 2021, the amount of synthetic filament tow and staple fibers, not carded or combed exported from Denmark dropped to X tons, with a decrease of -12.4% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 635%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, synthetic filament tow exports skyrocketed to $X in 2021. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,299% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for synthetic filament tow exports from Denmark, with a 2.1% share of total exports. Moreover, synthetic filament tow exports to Ireland exceeded the volume sent to the second major destination, Ukraine (X tons), eightfold. The third position in this ranking was held by Sweden (X tons), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at +115.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+68.9% per year) and Sweden (-14.7% per year).

In value terms, Ireland ($X) remains the key foreign market for synthetic filament tow exports from Denmark, comprising 0.9% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 0.1% share of total exports. It was followed by Sweden, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland stood at +105.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+63.5% per year) and Sweden (-15.5% per year).

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, surging by 34% against the previous year. Overall, the export price saw a notable increase. The growth pace was the most rapid in 2016 when the average export price increased by 1,531% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Ireland ($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 Spain (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Denmark

In 2021, overseas purchases of synthetic filament tow and staple fibers, not carded or combed decreased by -4.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Taiwan (Chinese) (X tons) and Romania (X tons) were the main suppliers of synthetic filament tow imports to Denmark, with a combined 54% share of total imports. These countries were followed by the United States, India, China, Germany, Austria, Italy and the UK, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +192.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of synthetic filament tow to Denmark, comprising 35% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by the United States, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.7% per year) and the United States (+29.8% per year).

Import Prices by Country

In 2021, the average synthetic filament tow import price amounted to $X per ton, increasing by 39% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for India ($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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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