Bituminous mixtures market in Denmark

Earlier Report Observations

The market for bituminous mixtures in Denmark exhibited significant volume fluctuations between 2018 and 2024. After starting at 4.0 million tons in 2018, market size fell sharply to 3.3 million tons in 2019, partially recovered to 3.7 million tons in 2020, then declined again to 3.2 million tons in 2021. A sustained growth phase began in 2022, with volume reaching 3.7 million tons in 2023 and nearly 4.0 million tons by 2024.

In value terms, the market followed a similar volatile pattern but with a pronounced expansion in the latter years. Market value dropped from $325.7 million in 2018 to a low of $281.9 million in 2021. A reversal started in 2022, with value rising to $304.9 million, followed by a strong surge to $402.2 million in 2023 and $459.9 million in 2024, reflecting a robust recovery in both volume and monetary terms over the period.

Production bituminous mixtures in Denmark

In value, 2018-2021, M $ US

In 2021, Denmark's production of bituminous mixtures was valued at 282.3 million US dollars, marking a slight decline of 1.8% compared to the previous year. Over the period from 2018 to 2021, production decreased by 13.5%, with an average annual growth rate of -4.7%. The largest decline occurred in 2019, at 12.2%, while the largest increase was recorded in 2020, at 0.3%.

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

In kind, 2018-2021, K t

In 2021, Denmark produced 3 169 thousand tonnes of bituminous mixtures, representing a drop of 14.8% from the previous year. Between 2018 and 2021, production decreased by 21.5%, equating to an annualized rate of -7.8%. The largest decline was in 2019, at 17.8%, while the largest increase occurred in 2020, at 12.1%.

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

Exports bituminous mixtures from Denmark

Exports in kind, t

In 2021, Denmark's exports of bituminous mixtures amounted to 1 598 tonnes, remaining broadly stable year-on-year. Over the period from 2018 to 2021, exports increased by 19.5%, with an average annual growth rate of 6.1%. The maximum volume was recorded in 2019, at 1 837 tonnes. The largest decline occurred in 2020, at 13.0%, while the largest increase was in 2019, at 37.4%.

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

From 2018 to 2021, Sweden, Norway, and Greenland were the main markets for Denmark's bituminous mixtures exports in kind, accounting for 34.8%, 27.8%, and 14.0% of exports, respectively. Together, these three countries represented 76.5% of total export flows.

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, K $ US

In 2021, Denmark's exports of bituminous mixtures stood at 3 070 thousand US dollars, showing a slight improvement of 3.0% compared to the previous year. Between 2018 and 2021, exports increased by 28.4%, equating to an annualized rate of 8.7%. The maximum value was recorded in 2019, at 3 427 thousand US dollars. The largest decline occurred in 2020, at 13.0%, while the largest increase was in 2019, at 43.3%.

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

From 2018 to 2021, Sweden, Norway, and Finland formed the main group of destinations for Denmark's bituminous mixtures exports in value terms, accounting for 35.0%, 27.9%, and 13.2% of exports, respectively. Together, these three countries represented 76.1% 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 bituminous mixtures to Denmark

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Denmark imported approximately 4 008 tonnes of bituminous mixtures in 2021, indicating a steep increase of 314.2% relative to the prior year. The minimum volume was recorded in 2020, at 968 tonnes. The largest decline occurred in 2019, at 12.6%. From the low in 2020 to the high in 2021, import volumes varied by 4.1 times.

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

In the period from 2018 to 2021, the Netherlands, Israel, and Germany were consistently the main sources for Denmark's bituminous mixtures imports in kind, accounting for 46.1%, 21.4%, and 17.3% of imports, respectively. Together, these three countries represented 84.8% 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, K $ US

In 2021, Denmark's imports of bituminous mixtures totalled 2 686 thousand US dollars, which is 51.2% higher compared to the previous year. Over the period from 2018 to 2021, imports increased by 39.2%, with an average annual growth rate of 11.7%. The minimum value was recorded in 2020, at 1 777 thousand US dollars. The largest decline occurred in 2020, at 11.3%.

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

Throughout 2018 to 2021, Israel, Germany, and Sweden were the three largest markets for Denmark's bituminous mixtures imports in value terms, together accounting for 72.1% of total import flows.

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

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