Report Update: May 1, 2024

Denmark - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Stearic Acid Price in Denmark - 2023

Industrial Stearic Acid Price in Denmark (CIF) - 2023

In May 2023, the average industrial stearic acid import price amounted to $1,736 per ton, dropping by -2% against the previous month. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 14% m-o-m. The import price peaked at $2,369 per ton in July 2022; however, from August 2022 to May 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,078 per ton), while the price for Malaysia ($1,360 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced a decline.

Industrial Stearic Acid Price in Denmark (FOB) - 2023

The average industrial stearic acid export price stood at $1,528 per ton in June 2023, falling by -4.5% against the previous month. In general, the export price showed a noticeable descent. The growth pace was the most rapid in December 2022 an increase of 6% m-o-m. The export price peaked at $2,495 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($7,110 per ton), while the average price for exports to Norway ($1,434 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-1.2%), while the prices for the other major destinations experienced a decline.

Industrial Stearic Acid Imports in Denmark

After three years of growth, supplies from abroad of industrial stearic acid decreased by -25.6% to 8.6K tons in 2022. Overall, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 11K tons, and then shrank dramatically in the following year.

In value terms, industrial stearic acid imports rose remarkably to $19M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 75%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Import of Industrial Stearic Acid in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	2.5	3.6	9.5	10.2	59.8%
Netherlands	2.1	2.7	5.9	5.8	40.3%
Germany	2.3	2.3	2.0	2.7	5.5%
Belgium	1.0	0.5	0.1	0.7	-11.2%
Indonesia	1.0	1.1	N/A	N/A	10.0%
Others	0.1	0.2	0.6	0.1	0.0%
Total	9.1	10.4	18.1	19.4	28.7%

Top Suppliers of Industrial Stearic Acid to Denmark in 2022:

Sweden (4.6K tons)
Netherlands (2.7K tons)
Germany (1.0K tons)
Belgium (0.3K tons)

Industrial Stearic Acid Exports in Denmark

For the fourth consecutive year, Denmark recorded growth in overseas shipments of industrial stearic acid, which increased by 3% to 5.7K tons in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, industrial stearic acid exports skyrocketed to $10M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 60%. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Industrial Stearic Acid in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,184	1,234	2,027	2,857	34.1%
Norway	951	1,298	2,108	2,140	31.0%
Poland	0.6	399	799	1,327	1202.9%
Sweden	398	457	472	1,101	40.4%
Lithuania	170	146	706	976	79.1%
Cyprus	237	670	740	733	45.7%
Greece	84.2	150	341	394	67.3%
Estonia	121	145	81.5	220	22.1%
Czech Republic	59.5	157	266	168	41.3%
Latvia	160	144	96.8	121	-8.9%
Others	101	110	202	157	15.8%
Total	3,467	4,910	7,840	10,193	43.3%

Top Export Markets for Industrial Stearic Acid from Denmark in 2022:

Germany (1648.8 tons)
Norway (1102.8 tons)
Poland (767.7 tons)
Sweden (641.1 tons)
Lithuania (545.4 tons)
Cyprus (402.6 tons)
Greece (204.3 tons)
Estonia (128.3 tons)
Czech Republic (97.1 tons)
Latvia (67.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial stearic acid market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023