Silicone Market Overview in Denmark
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.
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.