Plastic closures market in Denmark

Earlier Report Observations

The market for plastic closures in Denmark displayed considerable volatility from 2018 to 2024. Starting at USD 99.1 million in 2018, it grew to USD 103.7 million in 2019 but then contracted to USD 94.0 million in 2020. The following year brought a sharp expansion, with the market reaching USD 126.6 million in 2021.

After the 2021 peak, the market adjusted downward to USD 113.9 million in 2022 before resuming growth in the subsequent years. By 2023, it had recovered to USD 117.4 million, and in 2024 it stood at USD 123.2 million, indicating an overall upward trajectory despite intermediate fluctuations.

Production plastic closures in Denmark

In value, 2018-2021, K $ US

In Denmark, the output value of plastic closures reached 90 363 thousand US dollars in 2021, marking a 20.1% increase from the previous year. Over the 2018-2021 period, production grew by 17.1%, with an average annual growth rate of 5.4%. The lowest value was recorded in 2020 at 75 264 thousand US dollars, which also saw the largest decline of 4.7%.

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

In kind, 2018-2021, t

Denmark produced 14 092 tonnes of plastic closures in 2021, representing a 13.5% rise compared to the year before. From 2018 to 2021, production increased by 14.1%, with an average annual growth rate of 4.5%. The largest decline occurred in 2020, at 6.3%.

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

Exports plastic closures from Denmark

Exports in kind, t

Denmark's plastic closures exports grew for the second year in a row. In 2021, exports totalled 7 473 tonnes, showing a modest 9.9% increase from 2020. Over the 2018-2021 period, exports rose by 12.1%, with an average annual growth rate of 3.9%. The lowest value was in 2019 at 5 039 tonnes, which also experienced the largest decline of 24.4%. In contrast, 2020 saw the largest increase of 34.9%.

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

From 2018 to 2021, Denmark's plastic closures exports in kind were not heavily concentrated on a few key destinations. Germany accounted for 17.4% of exports, Sweden for 12.6%, and the Netherlands for 8.0%, together making up only 38.0% of total 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, M $ US

Foreign supplies of plastic closures from Denmark increased for the second consecutive year. In 2021, exports reached 64.1 million US dollars, up 14.9% from the previous year. Between 2018 and 2021, exports grew by 27.6%, equating to an annualized rate of 8.5%. The lowest value was recorded in 2019 at 43.3 million US dollars, which also saw the largest decline of 13.8%. In 2020, exports posted the largest increase of 28.9%.

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

Between 2018 and 2021, Denmark's plastic closures exports in value terms were not concentrated on a few key destinations. Germany represented 17.9% of exports, Sweden 11.2%, and France 9.3%, together accounting for just 38.4% 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 plastic closures to Denmark

Imports in kind, t

Denmark's plastic closures import volumes increased for the second consecutive year. In 2021, imports totalled 15 426 tonnes, equivalent to a 6.2% year-on-year gain. Over the 2018-2021 period, imports rose by 10%, with an average annual growth rate of 3.2%. The lowest value was in 2019 at 13 627 tonnes, which also experienced the largest decline of 2.8%. In 2020, imports saw the largest increase of 6.6%.

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

From 2018 to 2021, three principal markets—Germany, Sweden, and Czechia—together accounted for 52.2% of total plastic closures imports in kind to Denmark.

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

Denmark's plastic closures import volume grew for the second year in a row. In 2021, imports were recorded at 100.3 million US dollars, representing a 34.6% rise relative to the prior year. Between 2018 and 2021, imports increased by 38.9%, equating to an annualized rate of 11.6%. The lowest value was in 2019 at 68.0 million US dollars, which also saw the largest decline of 5.8%.

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

From 2018 to 2021, Germany, Sweden, and Czechia were the principal destinations for Denmark's plastic closures imports in value terms. Germany accounted for 28.9% of imports, Sweden for 13.2%, and Czechia for 9.5%, together making up 51.7% 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