Denmark: Wool Market Overview 2020

Wool Market Size in Denmark

The revenue of the wool market in Denmark amounted to $X in 2018, going up by X% against the previous year. Over the period under review, wool consumption continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the wool market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Wool Production in Denmark

In value terms, wool production totaled $X in 2018 estimated in export prices. Overall, wool production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2012 when production volume increased by X% against the previous year. Over the period under review, wool production reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Wool Exports

Exports from Denmark

Wool exports from Denmark amounted to X tonnes in 2018, rising by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, wool exports stood at $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, wool exports reached their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Lithuania (X tonnes) was the main destination for wool exports from Denmark, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Lithuania totaled +X%.

In value terms, Lithuania ($X) also remains the key foreign market for wool exports from Denmark.

From 2007 to 2018, the average annual growth rate of value to Lithuania amounted to +X%.

Export Prices by Country

In 2018, the average wool export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the wool export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the average export prices for wool attained their maximum at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Lithuania.

From 2007 to 2018, the rate of growth in terms of prices for Lithuania amounted to -X% per year.

Wool Imports

Imports into Denmark

In 2018, approx. X tonnes of wool were imported into Denmark; jumping by X% against the previous year. Overall, the total imports indicated a moderate increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wool imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, wool imports totaled $X in 2018. In general, wool imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

Lithuania (X tonnes), the UK (X tonnes) and Spain (X tonnes) were the main suppliers of wool imports to Denmark, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Lithuania, while the other leaders experienced more modest paces of growth.

In value terms, the largest wool suppliers to Denmark were Lithuania ($X), the UK ($X) and Spain ($X), together accounting for X% of total imports.

Among the main suppliers, Lithuania experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average wool import price amounted to $X per tonne, going down by -X% against the previous year. In general, the wool import price continues to indicate a temperate setback. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Spain ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform