Denmark: Thiosulphates Market 2024

Thiosulphates Market Size in Denmark

The Danish thiosulphates market expanded to $X in 2021, growing by 4.9% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Thiosulphates Production in Denmark

In value terms, thiosulphates production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,662% against the previous year. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in years to come.

Thiosulphates Exports

Exports from Denmark

In 2021, approx. X tons of thiosulphates were exported from Denmark; picking up by 3.5% on the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,033%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, thiosulphates exports fell rapidly to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 696% against the previous year. The exports peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

Norway (X tons), the UK (X tons) and China (X tons) were the main destinations of thiosulphates exports from Denmark, together accounting for 51% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +433.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for thiosulphates exports from Denmark, comprising 35% of total exports. The second position in the ranking was taken by Norway ($X), with an 8.6% share of total exports. It was followed by China, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +78.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+37.7% per year) and China (+261.8% per year).

Export Prices by Country

The average thiosulphates export price stood at $X per ton in 2021, which is down by -51.3% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 317%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Finland ($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 the UK (-6.6%), while the prices for the other major destinations experienced a decline.

Thiosulphates Imports

Imports into Denmark

In 2021, after three years of growth, there was significant decline in supplies from abroad of thiosulphates, when their volume decreased by -15% to X tons. In general, imports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2015 with an increase of 165% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thiosulphates imports contracted modestly to $X in 2021. Overall, imports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2015 with an increase of 255%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest thiosulphates supplier to Denmark, with a 70% share of total imports. Moreover, thiosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.6% per year) and the Netherlands (-5.7% per year).

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to Denmark, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.2% per year) and the Netherlands (+0.5% per year).

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, with an increase of 14% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 34%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($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 United States (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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