Market for Wood Residues, Pellets And Other Agglomerates in Denmark
Market Overview
In 
, the Danish market for wood residues, pellets and other agglomerates decreased by -% to $, falling for the second consecutive year after two years of growth. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
In value terms, production of wood residues, pellets and other agglomerates contracted modestly to $ in estimated in export price. In general, production posted strong growth. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, production of attained the peak level at $ in 2017; however, from 2018 to , production failed to regain momentum.
, the Danish market for wood residues, pellets and other agglomerates decreased by -% to $, falling for the second consecutive year after two years of growth. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.In value terms, production of wood residues, pellets and other agglomerates contracted modestly to $
in estimated in export price. In general, production posted strong growth. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, production of attained the peak level at $ in 2017; however, from 2018 to , production failed to regain momentum.Consumption
In , consumption of wood residues, pellets and other agglomerates increased by % to cubic meters, rising for the second year in a row after two years of decline. In general, consumption saw a prominent increase. Consumption of peaked at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
The revenue of the market for wood residues, pellets and other agglomerates in Denmark expanded sharply to $ in , rising 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 enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, consumption of wood residues, pellets and other agglomerates increased by % to cubic meters, rising for the second year in a row after two years of decline. In general, consumption saw a prominent increase. Consumption of peaked at cubic meters in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.The revenue of the market for wood residues, pellets and other agglomerates in Denmark expanded sharply to $
in , rising 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 enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for wood residues, pellets and other agglomerates in Denmark, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to cubic meters by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Denmark domestic supply is expected to continue its growth. Wood residues, pellets and other agglomerates market in Denmark consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in 2007 to % in . Denmark domestic supply is expected to continue its growth. Wood residues, pellets and other agglomerates market in Denmark consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Denmark remains a net importer of wood residues, pellets and other agglomerates; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of cubic meters, 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.
. In , there was a significant trade deficit of cubic meters, 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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