Denmark: Wrapping Papers Market 2024

Wrapping Papers Market Size in Denmark

In 2021, the Danish wrapping papers market increased by 42% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wrapping Papers Production in Denmark

In value terms, wrapping papers production rose markedly to $X in 2021 estimated in export price. Overall, production saw significant growth. The growth pace was the most rapid in 2015 when the production volume increased by 202%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Wrapping Papers Exports

Exports from Denmark

Wrapping papers exports from Denmark expanded significantly to X tons in 2021, with an increase of 8.1% on 2020. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wrapping papers exports skyrocketed to $X in 2021. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of wrapping papers exports from Denmark, with a combined 75% share of total exports. Norway, Finland, the United States, Poland and Iceland lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +37.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wrapping papers exported from Denmark were Germany ($X), Sweden ($X) and Norway ($X), with a combined 61% share of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +14.3%, saw 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

The average wrapping papers export price stood at $X per ton in 2021, surging by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. 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 overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 Iceland (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Denmark

In 2021, wrapping papers imports into Denmark soared to X tons, increasing by 20% compared with 2020 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wrapping papers imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of wrapping papers imports to Denmark, with a combined 66% share of total imports. Austria, Poland, the Netherlands, the Czech Republic and Finland lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Poland ($X) appeared to be the largest wrapping papers suppliers to Denmark, with a combined 62% share of total imports. These countries were followed by Austria, Russia, the Netherlands, the Czech Republic and Finland, which together accounted for a further 25%.

In terms of the main suppliers, Austria, with a CAGR of +49.4%, 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 2021, the average wrapping papers import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Russia ($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 (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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