Denmark: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Denmark

The Danish glass fibres and wool market declined markedly to $X in 2022, reducing by -16.5% against the previous year. In general, consumption recorded a mild setback. Glass fibres and wool consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Glass Fibres And Glass Wool in Denmark

In value terms, glass fibres and wool production soared to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Denmark

In 2022, after two years of decline, there was significant growth in overseas shipments of glass fibres and glass wool, when their volume increased by 5.1% to X tons. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 31%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibres and wool exports fell to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 50%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and Greenland (X tons) were the main destinations of glass fibres and wool exports from Denmark, with a combined 48% share of total exports. Germany, Sweden, the Netherlands, France, Norway, Taiwan (Chinese), Brazil, China, Italy and Australia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +55.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for glass fibres and wool exported from Denmark worldwide, with a combined 44% share of total exports. Sweden, the Netherlands, France, Norway, Greenland, Taiwan (Chinese), Brazil, China, Italy and Australia lagged somewhat behind, together comprising a further 42%.

Taiwan (Chinese), with a CAGR of +41.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, reducing by -7.3% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Greenland ($X 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 Australia (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibres And Glass Wool

Imports into Denmark

In 2022, glass fibres and wool imports into Denmark reduced rapidly to X tons, waning by -50.1% compared with 2021. Overall, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 47%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, glass fibres and wool imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 91% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Lithuania (X tons), Sweden (X tons) and Finland (X tons) were the main suppliers of glass fibres and wool imports to Denmark, together accounting for 54% of total imports. Belgium, Germany, China, Latvia, Poland and Slovenia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool suppliers to Denmark were Lithuania ($X), Sweden ($X) and Germany ($X), together accounting for 55% of total imports.

Sweden, with a CAGR of +5.2%, 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 mixed trend patterns.

Import Prices by Country

The average glass fibres and wool import price stood at $X per ton in 2022, jumping by 22% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Latvia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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