Updated Feb 26, 2023 01:29

Particle Board Market in Denmark

Market Overview
In , the Danish particle board market decreased by -% to $ for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a perceptible reduction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, particle board production shrank rapidly to $ in estimated in export price. Overall, production continues to indicate a slight slump. The pace of growth appeared the most rapid in when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to , production remained at a lower figure.


Consumption
After four years of growth, consumption of particle boards decreased by -% to cubic meters in . Overall, consumption showed a noticeable decrease. Particle board consumption peaked at cubic meters in 2007; however, from 2008 to , consumption failed to regain momentum.

The size of the particle board market in Denmark contracted to $ in , waning 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 showed a pronounced slump. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for particle board in Denmark, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to cubic meters by the end of .

In value terms, the market is forecast to contract 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Denmark remains a net importer of particle board; 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.