Insulating Board Market in Denmark
Market Overview
After four years of growth, the Danish insulating board market decreased by -
% to $ in . In general, consumption, however, saw a pronounced expansion. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
In value terms, insulating board production rose rapidly to $ in estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth was the most pronounced in 2012 with an increase of %. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
% to $ in . In general, consumption, however, saw a pronounced expansion. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.In value terms, insulating board production rose rapidly to $
in estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth was the most pronounced in 2012 with an increase of %. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.Consumption
In , consumption of insulating board decreased by -% to cubic meters, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed a tangible increase. Over the period under review, consumption reached the peak volume at cubic meters in 2016; however, from 2017 to , consumption failed to regain momentum.
The size of the insulating board market in Denmark declined sharply to $ in , shrinking 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, posted a tangible expansion. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption failed to regain momentum.
, consumption of insulating board decreased by -% to cubic meters, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed a tangible increase. Over the period under review, consumption reached the peak volume at cubic meters in 2016; however, from 2017 to , consumption failed to regain momentum.The size of the insulating board market in Denmark declined sharply to $
in , shrinking 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, posted a tangible expansion. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for insulating board in Denmark, the market is expected to continue an upward consumption trend over the next eight-year period. 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
Insulating board 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.
, 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 insulating 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.
. 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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