Denmark: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Denmark

In 2021, the Danish unsaturated acyclic hydrocarbons market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a abrupt setback. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Denmark

In value terms, unsaturated acyclic hydrocarbons production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a drastic downturn. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Denmark

In 2021, shipments abroad of unsaturated acyclic hydrocarbons increased by 60% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. Overall, exports, however, saw a pronounced reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Faroe Islands (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Denmark, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Faroe Islands (with a CAGR of +66.9%), while the other leaders experienced mixed trend patterns.

In value terms, Norway ($X) remains the key foreign market for unsaturated acyclic hydrocarbons exports from Denmark, comprising 53% of total exports. The second position in the ranking was taken by Sweden ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Norway totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-3.1% per year) and Faroe Islands (+65.4% per year).

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, waning by -19.5% against the previous year. Over the period under review, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Faroe Islands ($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 (+2.4%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Denmark

In 2021, the amount of unsaturated acyclic hydrocarbons imported into Denmark soared to X tons, rising by 104% compared with 2020 figures. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 146%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, unsaturated acyclic hydrocarbons imports soared to $X in 2021. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 217%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Denmark, with a 42% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Sweden exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +247.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+138.9% per year) and Norway (+145.9% per year).

In value terms, the largest unsaturated acyclic hydrocarbons suppliers to Denmark were the United States ($X), Sweden ($X) and Italy ($X), with a combined 88% share of total imports.

Italy, with a CAGR of +340.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, with a decrease of -21.6% against the previous year. In general, the import price saw a mild descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 77% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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