Price for Poly(Lactic Acid); in Primary Forms in Denmark - 2023

Contents:

  1. Price for Poly(Lactic Acid); in Primary Forms in Denmark (CIF) - 2022
  2. Price for Poly(Lactic Acid); in Primary Forms in Denmark (FOB) - 2022
  3. Imports of Poly(Lactic Acid); in Primary Forms in Denmark
  4. Exports of Poly(Lactic Acid); in Primary Forms in Denmark

Price for Poly(Lactic Acid); in Primary Forms in Denmark (CIF) - 2022

In 2022, the average import price for poly(lactic acid); in primary formses amounted to $4,062 per ton, growing by 13% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 133% against the previous year. As a result, import price reached the peak level of $23,105 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 the United States ($44,226 per ton), while the price for Thailand ($3,643 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Poly(Lactic Acid); in Primary Forms in Denmark (FOB) - 2022

In 2022, the average export price for poly(lactic acid); in primary formses amounted to $2,822 per ton, reducing by -66.5% against the previous year. In general, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 363%. The export price peaked at $28,947 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($10,573 per ton), while the average price for exports to Switzerland ($1,829 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Poly(Lactic Acid); in Primary Forms in Denmark

After three years of growth, purchases abroad of poly(lactic acid); in primary formses decreased by -72.3% to 105 tons in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 362%.

In value terms, poly(lactic acid); in primary forms imports shrank remarkably to $427K in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 218%. As a result, imports reached the peak of $1.4M, and then contracted remarkably in the following year.

Import of Poly(Lactic Acid); in Primary Forms in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ThailandN/A3461,3133642.6%
Belgium4.215.312.113.447.2%
Netherlands59.1N/A3.5N/A-75.7%
Others76.867.030.949.8-13.4%
Total1404281,35942745.0%

Top Suppliers of Poly(Lactic Acid); in Primary Forms to Denmark in 2022:

  1. Thailand (99.8 tons)
  2. Belgium (3.1 tons)

Exports of Poly(Lactic Acid); in Primary Forms in Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of poly(lactic acid); in primary formses, which increased by 488% to 204 tons in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 12,547%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, poly(lactic acid); in primary forms exports surged to $577K in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 6,950%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Poly(Lactic Acid); in Primary Forms in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwitzerlandN/AN/A82.2330301.5%
NorwayN/A10.61.6196330.0%
China0.110574.841.8647.7%
Others1.64.51348.977.2%
Total1.7120292577597.6%

Top Export Markets for Poly(Lactic Acid); in Primary Forms from Denmark in 2022:

  1. Switzerland (180.3 tons)
  2. Norway (18.6 tons)
  3. China (4.0 tons)

Source: IndexBox Market Intelligence Platform

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