Denmark: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Denmark

In 2023, the Danish polyethylene glycol and polyether market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a abrupt contraction. Polyethylene glycol and polyether consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Denmark

In value terms, polyethylene glycol and polyether production dropped rapidly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a significant increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. Polyethylene glycol and polyether production peaked at $X in 2022, and then contracted remarkably in the following year.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Denmark

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms were finally on the rise to reach X tons after three years of decline. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports expanded modestly to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The Czech Republic (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of polyethylene glycol and polyether exports from Denmark, with a combined X% share of total exports. Poland, Finland, Norway, Lithuania, Slovakia, Estonia, Russia, Latvia, India and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the Czech Republic ($X), Sweden ($X) and the UK ($X) appeared to be the largest markets for polyethylene glycol and polyether exported from Denmark worldwide, with a combined X% share of total exports. Poland, Finland, Norway, Lithuania, Russia, Slovakia, Estonia, Latvia, the United States and India lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest growth rate of 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 polyethylene glycol and polyether export price stood at $X per ton in 2021, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

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

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Denmark

Polyethylene glycol and polyether imports into Denmark was estimated at X tons in 2021, with an increase of X% on 2020 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of polyethylene glycol and polyether imports to Denmark, with a combined X% share of total imports. The Netherlands, France, Spain and Japan lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Belgium ($X) and Poland ($X) were the largest polyethylene glycol and polyether suppliers to Denmark, together accounting for X% of total imports. The Netherlands, France, Spain and Japan lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 polyethylene glycol and polyether import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Poland ($X per ton), while the price for Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform