Silicone Market Overview in Denmark
Market Overview
The Danish silicone market declined to $
in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Silicone consumption peaked at $ in 2018, and then fell in the following year.
In value terms, silicone production stood at $ in 2019 estimated in export prices. In general, production posted a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the immediate term.
in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Silicone consumption peaked at $ in 2018, and then fell in the following year.In value terms, silicone production stood at $
in 2019 estimated in export prices. In general, production posted a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the immediate term.Consumption
In 2019, consumption of silicones (in primary forms) decreased by -% to tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption, however, posted strong growth. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2018, and then declined in the following year.
The revenue of the silicone market in Denmark contracted to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a strong increase. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Silicone consumption peaked at $ in 2018, and then contracted in the following year.
% to tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption, however, posted strong growth. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2018, and then declined in the following year.The revenue of the silicone market in Denmark contracted to $
in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a strong increase. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Silicone consumption peaked at $ in 2018, and then contracted in the following year.Market Forecast
Driven by increasing demand for silicone in Denmark, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Silicone market in Denmark consists almost entirely of imported products.
Trade Balance
Denmark remains a net importer of silicone; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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