Denmark: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Denmark

The Danish vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Thread Production in Denmark

In value terms, vulcanised rubber thread production surged to $X in 2021 estimated in export price. In general, production saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 2,902%. Over the period under review, production reached the maximum level in 2021 and is likely to see steady growth in years to come.

Vulcanised Rubber Thread Exports

Exports from Denmark

In 2021, overseas shipments of vulcanised rubber thread and cord decreased by -66.4% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2019 with an increase of 83%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined rapidly in the following year.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 133%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Norway (X tons), Germany (X tons) and the United States (X kg) were the main destinations of vulcanised rubber thread exports from Denmark, with a combined 52% share of total exports. These countries were followed by the UK, Sweden, Poland, Saudi Arabia, the Czech Republic, Turkey, Portugal, Ireland, India and the Netherlands, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +191.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber thread exported from Denmark were the United States ($X), Germany ($X) and Turkey ($X), together comprising 55% of total exports. These countries were followed by Norway, Saudi Arabia, the UK, Ireland, Poland, Sweden, the Netherlands, the Czech Republic, India and Portugal, which together accounted for a further 33%.

The Czech Republic, with a CAGR of +150.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 vulcanised rubber thread export price stood at $X per ton in 2021, with an increase of 297% against the previous year. Overall, the export price recorded a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($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 Turkey (+75.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Denmark

Vulcanised rubber thread imports into Denmark fell to X tons in 2021, which is down by -8.1% on 2020. Over the period under review, imports, however, enjoyed a slight expansion. The pace of growth appeared the most rapid in 2014 with an increase of 61%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber thread imports expanded markedly to $X in 2021. In general, imports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2014 when imports increased by 304%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Sweden (X tons) and France (X tons) were the main suppliers of vulcanised rubber thread imports to Denmark, together comprising 65% of total imports. These countries were followed by China, Germany, the UK, Italy and the Netherlands, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Sweden ($X) and Malaysia ($X) constituted the largest vulcanised rubber thread suppliers to Denmark, together comprising 57% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +41.5%, recorded 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

The average vulcanised rubber thread import price stood at $X per ton in 2021, jumping by 23% against the previous year. Overall, the import price showed measured growth. The pace of growth appeared the most rapid in 2014 an increase of 150% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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