Denmark: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Denmark

The Danish worked wax articles market amounted to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a abrupt descent. Worked wax articles consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Worked Wax Articles Production in Denmark

In value terms, worked wax articles production declined rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021, and then contracted dramatically in the following year.

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Worked Wax Articles Exports

Exports from Denmark

In 2022, shipments abroad of worked articles of wax increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, worked wax articles exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Hungary (X units) was the main destination for worked wax articles exports from Denmark, accounting for a X% share of total exports. Moreover, worked wax articles exports to Hungary exceeded the volume sent to the second major destination, Slovakia (X units), twofold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and the United States (X% per year).

In value terms, the largest markets for worked wax articles exported from Denmark were Sweden ($X), Slovakia ($X) and France ($X), together comprising X% of total exports.

Slovakia, with a CAGR of X%, 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 worked wax articles export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Denmark

In 2022, supplies from abroad of worked articles of wax increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, worked wax articles imports surged to $X in 2022. Overall, imports saw modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of worked wax articles imports to Denmark, together accounting for X% of total imports. The Netherlands, Lithuania, Belgium, France, Vietnam, Poland and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest worked wax articles suppliers to Denmark, with a combined X% share of total imports. Germany, Lithuania, France, Sweden, Vietnam, Poland and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, 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

In 2022, the average worked wax articles import price amounted to $X per unit, dropping by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked wax articles import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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