Artificial and prepared waxes market in Denmark

Earlier Report Observations

The market volume for artificial and prepared waxes in Denmark exhibited significant volatility between 2018 and 2024, moving from 6 218 tonnes in 2018 to 4 859 tonnes in 2024. The period began with relative stability, as the market size remained near 6 200 tonnes in 2018 and 2019.

A marked contraction unfolded from 2020 to 2021, with the market falling by 16.7% to 5 175 tonnes in 2020 and a further 11.3% to 4 590 tonnes in 2021. This was followed by a partial recovery to 4 972 tonnes in 2022 before a sharp 35.6% surge lifted the market to a peak of 6 743 tonnes in 2023. The trend reversed abruptly in 2024 with a 27.9% decline, bringing the volume down to 4 859 tonnes.

These substantial swings in domestic consumption were mirrored by fluctuations in the country's production, which exceeded 60 000 tonnes in several years, and in its large export volumes, which directly affected the quantity of product remaining for the local market.

Production artificial and prepared waxes in Denmark

In value, 2018-2021, M $ US

Following a two-year decline, Denmark's production of artificial and prepared waxes has rebounded. In 2021, output reached 138.3 million US dollars, marking a 14.7% increase from the previous year. Over the period from 2018 to 2021, production grew by 7.4%, which translates to an annualized growth rate of 2.4%. The lowest production value was recorded in 2020 at 120.6 million US dollars, while the largest decline occurred in 2019 with a drop of 4.7%.

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

In kind, 2018-2021, t

After two consecutive years of decline, Denmark's production of artificial and prepared waxes has shown an upturn. In 2021, the country produced 60 702 tonnes, representing an 8.3% increase compared to the previous year. The lowest production volume was recorded in 2020 at 56 064 tonnes, with the largest decline also occurring in that year at 5.8%.

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

Exports artificial and prepared waxes from Denmark

Exports in kind, t

Following a two-year decline, Denmark's exports of artificial and prepared waxes have recovered. In 2021, exports totaled 60 161 tonnes, showing a strong 10.7% improvement from 2020. Between 2018 and 2021, exports increased by 4.6%, equating to an annualized growth rate of 1.5%. The lowest export volume was recorded in 2020 at 54 348 tonnes, with the largest decline also occurring in that year at 5.1%.

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

The country composition of Denmark's exports in kind from 2018 to 2021 was highly diversified. Germany accounted for 13.8% of exports, France for 9.2%, and the Netherlands for 7.9%. Together, these three countries represented just 30.9% of total export flows, with the remaining 69.1% distributed across a wide range of other destinations.

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 artificial and prepared waxes have increased. In 2021, exports were valued at 143.3 million US dollars, up by 18.8% from 2020. Over the 2018-2021 period, exports grew by 10.2%, with a compound annual growth rate of 3.3%. The lowest export value was recorded in 2020 at 120.6 million US dollars, while the largest decline occurred in 2019 with a drop of 4.2%.

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

From 2018 to 2021, Denmark's exports of artificial and prepared waxes in value terms were spread across numerous markets. Germany accounted for 13.0% of exports, France for 8.2%, and the Netherlands for 7.9%. Collectively, these three countries represented only 29.1% of total export 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 artificial and prepared waxes to Denmark

Imports in kind, t

Denmark imported 4 049 tonnes of artificial and prepared waxes in 2021, up by 17.1% year-over-year. Between 2018 and 2021, imports increased by 15%, equating to an annualized growth rate of 4.8%. The lowest import volume was recorded in 2020 at 3 459 tonnes, with the largest decline also occurring in that year at 13.3%.

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

From 2018 to 2021, Germany was the dominant source for Denmark's imports in kind, accounting for 50.9% of the total. Malaysia followed with 18.1%, and the Netherlands with 10.4%. Together, these three countries represented 79.4% of total import 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

In 2021, Denmark's imports of artificial and prepared waxes reached 12.5 million US dollars, showing a sharp increase of 27.6% compared to 2020. Between 2018 and 2021, imports grew by 28.7%, equating to an annualized growth rate of 8.8%. The largest decline was recorded in 2020 with a drop of 2.5%.

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

From 2018 to 2021, Germany was the largest supplier of artificial and prepared waxes to Denmark in value terms, accounting for 48.8% of imports. The Netherlands followed with 13.3%, and Malaysia with 10.0%. Together, these three countries accounted for 72.1% of total imports in value terms.

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

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