Denmark: Veneer Sheets Market 2024

Veneer Sheets Market Size in Denmark

The Danish veneer sheets market dropped dramatically to $X in 2022, reducing by -52.7% against the previous year. Overall, consumption showed a pronounced setback. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Veneer Sheets Production in Denmark

In value terms, veneer sheets production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 55% against the previous year. Veneer sheets production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Veneer Sheets Exports

Exports from Denmark

In 2022, shipments abroad of veneer sheets increased by 468% to X cubic meters, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheets exports surged to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X cubic meters) was the main destination for veneer sheets exports from Denmark, accounting for a 34% share of total exports. Moreover, veneer sheets exports to the United States exceeded the volume sent to the second major destination, the UK (X cubic meters), twofold. Latvia (X cubic meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +134.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+73.0% per year) and Latvia (+180.6% per year).

In value terms, the United States ($X), the UK ($X) and Germany ($X) appeared to be the largest markets for veneer sheets exported from Denmark worldwide, together comprising 76% of total exports. Norway, Iceland, Latvia, Faroe Islands, Italy, Sweden, Finland and Ireland lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, Latvia, with a CAGR of +392.5%, recorded the highest rates of growth with regard to 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

In 2022, the average veneer sheets export price amounted to $X per cubic meter, with a decrease of -8.8% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per cubic meter), while the average price for exports to Ireland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+75.5%), while the prices for the other major destinations experienced mixed trend patterns.

Veneer Sheets Imports

Imports into Denmark

After two years of growth, overseas purchases of veneer sheets decreased by -77.9% to X cubic meters in 2022. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 91% against the previous year. Imports peaked at X cubic meters in 2021, and then dropped dramatically in the following year.

In value terms, veneer sheets imports contracted remarkably to $X in 2022. Over the period under review, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

Germany (X cubic meters), Sweden (X cubic meters) and Finland (X cubic meters) were the main suppliers of veneer sheets imports to Denmark, together comprising 49% of total imports. Latvia, the Netherlands, the Czech Republic, the UK, Italy, Lithuania and Slovakia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +67.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheets suppliers to Denmark were Germany ($X), Finland ($X) and the Netherlands ($X), together comprising 46% of total imports. Sweden, the Czech Republic, Latvia, Lithuania, Italy, the UK and Slovakia lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Lithuania, with a CAGR of +68.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, surging by 47% against the previous year. In general, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while the price for the UK ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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