Denmark: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Denmark

In 2021, the Danish glass fibre filament market increased by 16% to $X, rising for the second consecutive year after three years of decline. Overall, consumption posted a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Glass Fibre Filament Production in Denmark

In value terms, glass fibre filament production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2019 indices. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

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Glass Fibre Filament Exports

Exports from Denmark

In 2021, approx. X tons of glass fibre filaments were exported from Denmark; with an increase of 64% against the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 815%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, glass fibre filament exports soared to $X in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 504%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for glass fibre filament exports from Denmark, with a 93% share of total exports. It was followed by the Czech Republic (X tons), with a 1.6% share of total exports. Switzerland (X tons) ranked third in terms of total exports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +60.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+14.6% per year) and Switzerland (+0.5% per year).

In value terms, Belgium ($X) remains the key foreign market for glass fibre filaments exports from Denmark, comprising 88% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 1.7% share of total exports. It was followed by Switzerland, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+6.9% per year) and Switzerland (-4.2% per year).

Export Prices by Country

In 2021, the average glass fibre filament export price amounted to $X per ton, reducing by -21% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 when the average export price increased by 91%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($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 China (+14.9%), while the prices for the other major destinations experienced a decline.

Glass Fibre Filament Imports

Imports into Denmark

In 2021, supplies from abroad of glass fibre filaments increased by 17% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 408% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, glass fibre filament imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 401% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Norway (X tons) constituted the largest glass fibre filament supplier to Denmark, accounting for a 88% share of total imports. Moreover, glass fibre filament imports from Norway exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Bahrain (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.0% per year) and Bahrain (+165.3% per year).

In value terms, Norway ($X) constituted the largest supplier of glass fibre filaments to Denmark, comprising 87% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.5% share of total imports. It was followed by Bahrain, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway amounted to +43.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.7% per year) and Bahrain (+166.9% per year).

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the import price, however, recorded a noticeable reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Belgium ($X per ton), while the price for Bahrain ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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