Denmark: Sulphite Wood Pulp Market 2023

Sulphite Wood Pulp Market Size in Denmark

In 2021, after seven years of decline, there was growth in the Danish sulphite wood pulp market, when its value increased by 0.4% to $X. Over the period under review, consumption, however, recorded a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Sulphite Wood Pulp Production in Denmark

In value terms, sulphite wood pulp production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 54%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Sulphite Wood Pulp Exports

Exports from Denmark

In 2021, sulphite wood pulp exports from Denmark dropped to X tons, which is down by -7.5% compared with the previous year. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 203% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sulphite wood pulp exports shrank to $X in 2021. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 129%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons), Estonia (X tons) and Sweden (X tons) were the main destinations of sulphite wood pulp exports from Denmark, with a combined 88% share of total exports. These countries were followed by Iceland, Germany and Greenland, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +89.2%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for chemical wood pulp (sulphite, other than dissolving grades) exports from Denmark, comprising 55% of total exports. The second position in the ranking was held by Sweden ($X), with a 20% share of total exports. It was followed by Estonia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+14.9% per year) and Estonia (+5.6% per year).

Export Prices by Country

The average sulphite wood pulp export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphite wood pulp export price increased by +45.9% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Norway (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphite Wood Pulp Imports

Imports into Denmark

In 2021, imports of chemical wood pulp (sulphite, other than dissolving grades) into Denmark shrank to X tons, dropping by -9.1% compared with 2020 figures. Over the period under review, imports recorded a perceptible slump. The growth pace was the most rapid in 2013 when imports increased by 7.8% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, sulphite wood pulp imports reduced to $X in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 14%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) was the main sulphite wood pulp supplier to Denmark, accounting for a 92% share of total imports. Moreover, sulphite wood pulp imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -5.1%.

In value terms, Germany ($X) constituted the largest supplier of chemical wood pulp (sulphite, other than dissolving grades) to Denmark, comprising 93% of total imports. The second position in the ranking was taken by Sweden ($X), with a 5.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -5.7%.

Import Prices by Country

In 2021, the average sulphite wood pulp import price amounted to $X per ton, picking up by 5.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 8% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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