Sulphite Wood Pulp Market Overview in Denmark
Market Overview
In 2019, the Danish sulphite wood pulp market decreased by -
% to $, falling for the fourth year in a row after three years of growth. In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.
In value terms, sulphite wood pulp production declined to $ in 2019 estimated in export prices. Over the period under review, production, however, showed mild growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. Sulphite wood pulp production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.
% to $, falling for the fourth year in a row after three years of growth. In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.In value terms, sulphite wood pulp production declined to $
in 2019 estimated in export prices. Over the period under review, production, however, showed mild growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. Sulphite wood pulp production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of chemical wood pulp (sulphite, other than dissolving grades) decreased by -% to tonnes, falling for the fourth consecutive year after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
The size of the sulphite wood pulp market in Denmark contracted to $ in 2019, 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, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
% to tonnes, falling for the fourth consecutive year after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.The size of the sulphite wood pulp market in Denmark contracted to $
in 2019, 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, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for sulphite wood pulp in Denmark, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, 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
In 2019, 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 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 sulphite wood pulp; 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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