Denmark: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Denmark

In 2021, the Danish market for unsaturated polyesters in primary forms increased by 41% to $X, rising for the third consecutive year after four years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Unsaturated polyesters in primary forms consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in Denmark

In value terms, unsaturated polyesters in primary forms production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Denmark

In 2021, overseas shipments of unsaturated polyesters in primary forms were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for unsaturated polyesters in primary forms exports from Denmark, accounting for a 78% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.1% per year) and Spain (+12.0% per year).

In value terms, Germany ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Denmark, comprising 74% of total exports. The second position in the ranking was taken by Romania ($X), with a 7.3% share of total exports. It was followed by Spain, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+8.2% per year) and Spain (+11.5% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, surging by 29% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Poland ($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 Sweden (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Denmark

Unsaturated polyesters in primary forms imports into Denmark soared to X tons in 2021, jumping by 51% compared with 2020 figures. In general, imports, however, continue to indicate a mild contraction. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Overall, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Denmark, accounting for a 33% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.5% per year) and the Netherlands (+62.1% per year).

In value terms, Germany ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Denmark, comprising 32% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.3% per year) and Italy (+26.0% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, picking up by 40% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 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 Sweden (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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