Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark (CIF) - 2023
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark (FOB) - 2023
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark (CIF) - 2023

In October 2023, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $55,771 per ton, with an increase of 186% against the previous month. Overall, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($125K per ton), while the price for Norway ($10,504 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark (FOB) - 2023

The average export price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $10,214 per ton in October 2023, declining by -15.4% against the previous month. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in June 2023 when the average export price increased by 114% m-o-m. Over the period under review, the average export prices attained the peak figure at $24,430 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($27,845 per ton), while the average price for exports to Thailand amounted to $7,588 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark

In 2022, supplies from abroad of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -7.6% to 994 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of 1.1K tons, and then dropped in the following year.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses stood at $16M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Denmark in 2022:

1. China (647.3 tons)
2. France (211.1 tons)
3. Norway (50.4 tons)
4. Germany (49.5 tons)
5. United Kingdom (1.6 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Denmark

In 2022, shipments abroad of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -8% to 342 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 127%. As a result, the exports reached the peak of 500 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses reduced to $5.6M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 152% against the previous year. As a result, the exports reached the peak of $6.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Denmark in 2022:

1. Thailand (100.6 tons)
2. United States (82.8 tons)
3. France (39.4 tons)
4. Canada (36.5 tons)
5. Malaysia (32.3 tons)
6. Switzerland (7.4 tons)
7. Hungary (7.2 tons)
8. Mexico (1.6 tons)

Source: IndexBox Market Intelligence Platform