Denmark: Soap In Bars Market 2023

Soap In Bars Market Size in Denmark

The Danish soap in bars market declined dramatically to $X in 2021, reducing by -22.5% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Soap In Bars Production in Denmark

In value terms, soap in bars production dropped significantly to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 256% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Soap In Bars Exports

Exports from Denmark

Soap in bars exports from Denmark rose rapidly to X tons in 2021, growing by 14% against the year before. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 121% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, soap in bars exports amounted to $X in 2021. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 161% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

Sweden (X tons), Norway (X tons) and Finland (X tons) were the main destinations of soap in bars exports from Denmark, together comprising 62% of total exports. Germany, Poland, the Netherlands, France, Greenland, the United States, Iceland, Faroe Islands and the UK lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +42.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the largest markets for soap in bars exported from Denmark worldwide, together accounting for 47% of total exports. These countries were followed by the United States, Germany, Poland, the Netherlands, France, Greenland, Iceland, Faroe Islands and the UK, which together accounted for a further 26%.

Among the main countries of destination, the United States, with a CAGR of +55.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap in bars export price stood at $X per ton in 2021, waning by -5.3% against the previous year. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 73%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 the United States (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Soap In Bars Imports

Imports into Denmark

Soap in bars imports into Denmark fell sharply to X tons in 2021, reducing by -15.6% compared with 2020. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, soap in bars imports shrank to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest soap in bars supplier to Denmark, accounting for a 49% share of total imports. Moreover, soap in bars imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and the Netherlands (+12.2% per year).

In value terms, the largest soap in bars suppliers to Denmark were China ($X), Germany ($X) and the Netherlands ($X), with a combined 67% share of total imports.

In terms of the main suppliers, China, with a CAGR of +22.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap in bars import price stood at $X per ton in 2021, surging by 4.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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