Amino-resins, phenolic resins and PU market in Denmark

Earlier Report Observations

The Danish market for amino-resins, phenolic resins and polyurethanes, measured in value, showed considerable volatility from 2018 to 2024. Starting at 104.1 million $ US in 2018, the market size gradually declined over the next two years, reaching 96.5 million $ US by 2020.

A pronounced upswing occurred in 2021, when the market expanded by over 20% to a peak of 116.6 million $ US. This growth was entirely reversed in the following years, with the market value contracting sharply to 85.7 million $ US in 2022 and then falling further to 71.5 million $ US by 2024.

Over the entire period, the market lost approximately 31% of its value, with the post-2021 decline driving it to the lowest level recorded within the seven-year span.

Production amino-resins, phenolic resins and PU in Denmark

In value, 2018-2021, K $ US

After two years of decline, Denmark's production of amino-resins, phenolic resins, and polyurethanes rebounded. In 2021, output reached 62 392 thousand US dollars, marking a sharp increase of 34.9% compared to the previous year. Over the period from 2018 to 2021, production grew by 21.6%, with a compound annual growth rate of 6.7%. The lowest value was recorded in 2020 at 46 240 thousand US dollars, which also saw the largest decline of 5.2%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

Denmark's production volume of amino-resins, phenolic resins, and polyurethanes increased for the second consecutive year. In 2021, the country produced 39 200 tonnes, showing a modest advance of 1.8% compared to 2020. Between 2018 and 2021, production rose by 2.3%, equating to an annualized growth rate of 0.8%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports amino-resins, phenolic resins and PU from Denmark

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. The minimum value was recorded in 2019 at 10 163 tonnes, with the largest decline of 15.8% that year. In 2021, foreign supplies of amino-resins, phenolic resins, and polyurethanes from Denmark surged to 24 507 tonnes, representing a dramatic increase of 89.6% from the previous year. This resulted in a 2.4-fold variation between the maximum in 2021 and the minimum in 2019.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, three main markets—Germany, Poland, and Sweden—together absorbed 67.8% of Denmark's total exports in kind of amino-resins, phenolic resins, and polyurethanes.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, M $ US

After two years of contraction, Denmark's exports of amino-resins, phenolic resins, and polyurethanes increased. In 2021, exports amounted to 51.2 million US dollars, up by 58.3% compared to 2020. Over the period from 2018 to 2021, exports grew by 38.3%, with a compound annual growth rate of 11.4%. The lowest value was recorded in 2020 at 32.3 million US dollars, while the largest decline occurred in 2019 at 11.4%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, M $ US

Throughout 2018 to 2021, Poland, Germany, and Sweden formed the key group of partners for Denmark's exports in value terms of amino-resins, phenolic resins, and polyurethanes. Poland accounted for 28.1% of exports, Germany for 15.5%, and Sweden for 15.0%, jointly representing 58.5% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports amino-resins, phenolic resins and PU to Denmark

Imports in kind, t

In 2021, imports of amino-resins, phenolic resins, and polyurethanes to Denmark reached 33 280 tonnes, up by 3.7% compared to the previous year. The maximum value was recorded in 2019 at 33 579 tonnes, while the minimum was in 2020 at 32 101 tonnes, which also saw the largest decline of 4.4%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany, Sweden, and Belgium were the main sources in the geographical breakdown of imports in kind of amino-resins, phenolic resins, and polyurethanes to Denmark. Germany accounted for 41.5% of imports, Sweden for 25.1%, and Belgium for 10.4%, with a combined share of 77.0% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, M $ US

After two years of decline, Denmark's imports of amino-resins, phenolic resins, and polyurethanes increased. In 2021, imports stood at 105.4 million US dollars, showing a steep advance of 27.5% versus the previous year. Between 2018 and 2021, imports rose by 17.3%, equating to an annualized growth rate of 5.5%. The lowest value was recorded in 2020 at 82.6 million US dollars, while the largest decline occurred in 2019 at 7.7%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, M $ US

From 2018 to 2021, Germany, Belgium, and Sweden formed the main group of destinations for Denmark's imports in value terms of amino-resins, phenolic resins, and polyurethanes. Germany accounted for 40.1% of imports, Belgium for 16.7%, and Sweden for 13.2%, with a combined share of 69.9% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021