Denmark: Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike 2024

Market Size for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Denmark

The Danish gum or wood oils market soared to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, showed a abrupt downturn. Gum or wood oils consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Denmark

In value terms, gum or wood oils production skyrocketed to $X in 2023 estimated in export price. In general, production, however, saw a abrupt descent. Gum or wood oils production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

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Exports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Exports from Denmark

In 2023, after four years of growth, there was significant decline in shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2022, and then dropped markedly in the following year.

In value terms, gum or wood oils exports fell remarkably to $X in 2023. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2022, and then reduced sharply in the following year.

Exports by Country

Sweden (X tons) was the main destination for gum or wood oils exports from Denmark, accounting for a X% share of total exports. Moreover, gum or wood oils exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sweden amounted to X%.

In value terms, Sweden ($X) remains the key foreign market for gum, wood or sulphate turpentine oils, pine oil and other alike exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Sweden totaled X%.

Export Prices by Country

In 2023, the average gum or wood oils export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%).

Imports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Imports into Denmark

After two years of growth, overseas purchases of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons in 2023. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then dropped notably in the following year.

In value terms, gum or wood oils imports shrank rapidly to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of gum or wood oils to Denmark, accounting for a X% share of total imports. Moreover, gum or wood oils imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Sweden (X% per year).

In value terms, Germany ($X) constituted the largest supplier of gum, wood or sulphate turpentine oils, pine oil and other alike to Denmark, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2023, the average gum or wood oils import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform