Glass Fabric Market Overview in Denmark
Market Overview
The Danish glass fabric market shrank to $
in 2019, falling 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, the total consumption indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2014 indices. The growth pace was the most rapid in 2008 when the market value increased by % against the previous year. Glass fabric consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
In value terms, glass fabric production amounted to $ in 2019 estimated in export prices. Over the period under review, production, however, posted a remarkable increase. The growth pace was the most rapid in 2011 when the production volume increased by % year-to-year. Glass fabric production peaked at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.
in 2019, falling 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, the total consumption indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2014 indices. The growth pace was the most rapid in 2008 when the market value increased by % against the previous year. Glass fabric consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.In value terms, glass fabric production amounted to $
in 2019 estimated in export prices. Over the period under review, production, however, posted a remarkable increase. The growth pace was the most rapid in 2011 when the production volume increased by % year-to-year. Glass fabric production peaked at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.Consumption
In 2019, consumption of woven fabrics (including narrow fabrics) of glass fibers decreased by -% to square meters, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw resilient growth. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Over the period under review, consumption hit record highs at square meters in 2014; however, from 2015 to 2019, consumption remained at a lower figure.
The size of the glass fabric market in Denmark shrank to $ in 2019, reducing 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, the total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2014 indices. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.
% to square meters, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw resilient growth. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Over the period under review, consumption hit record highs at square meters in 2014; however, from 2015 to 2019, consumption remained at a lower figure.The size of the glass fabric market in Denmark shrank to $
in 2019, reducing 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, the total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2014 indices. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for glass fabric in Denmark, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to square meters by the end of .
% for the period from 2019 to , which is projected to bring the market volume to square meters by the end of .Market Structure
Glass fabric market in Denmark consists almost entirely of imported products.
Trade Balance
Denmark remains a net importer of glass fabric; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of square 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.
square 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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