Denmark: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Denmark

The Danish chemically modified oils market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Production in Denmark

In value terms, chemically modified oils production surged to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Chemically modified oils production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Chemically Modified Oils Exports

Exports from Denmark

In 2022, the amount of animal or vegetable fats and oils chemically modified exported from Denmark rose slightly to X tons, increasing by X% on 2021 figures. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, chemically modified oils exports fell to $X in 2022. Overall, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for chemically modified oils exports from Denmark, accounting for a X% share of total exports. Moreover, chemically modified oils exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Norway (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Norway (X% per year).

In value terms, the largest markets for chemically modified oils exported from Denmark were the Netherlands ($X), Germany ($X) and Norway ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price recorded a mild decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

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

Chemically Modified Oils Imports

Imports into Denmark

In 2022, overseas purchases of animal or vegetable fats and oils chemically modified increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports saw strong growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils imports soared to $X in 2022. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of chemically modified oils imports to Denmark, together accounting for X% of total imports. Russia, Spain, Norway, Finland and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), Germany ($X) and Russia ($X) were the largest chemically modified oils suppliers to Denmark, together comprising X% of total imports.

Among the main suppliers, Russia, with a CAGR of X%, saw the highest rates of growth with regard to 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 chemically modified oils import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :