Denmark: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Denmark

In 2022, the Danish wood-based panels market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Wood-Based Panels Production in Denmark

In value terms, wood-based panels production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then shrank in the following year.

Wood-Based Panels Exports

Exports from Denmark

For the third year in a row, Denmark recorded growth in overseas shipments of wood-based panels, which increased by X% to X cubic meters in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wood-based panels exports surged to $X in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X cubic meters) was the main destination for wood-based panels exports from Denmark, accounting for a X% share of total exports. Moreover, wood-based panels exports to Sweden exceeded the volume sent to the second major destination, France (X cubic meters), threefold. The third position in this ranking was held by the United States (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, Sweden ($X) remains the key foreign market for wood-based panels exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Latvia ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Denmark

In 2022, purchases abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X cubic meters, and then declined rapidly in the following year.

In value terms, wood-based panels imports fell notably to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Germany (X cubic meters), Sweden (X cubic meters) and Poland (X cubic meters) were the main suppliers of wood-based panels imports to Denmark, with a combined X% share of total imports.

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

In value terms, the largest wood-based panels suppliers to Denmark were Germany ($X), Poland ($X) and Norway ($X), with a combined X% share of total imports.

Among the main suppliers, Norway, with a CAGR of X%, 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 wood-based panels import price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per cubic meter), while the price for Sweden ($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 Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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