The 2011 Import and Export Market for Mineral Fuels, Lubricants, and Related Materials in Denmark by ICONGroup


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									   The 2011 Import and Export
    Market for Mineral Fuels,
     Lubricants, and Related
      Materials in Denmark

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                 Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                           7
2     DENMARK AND THE WORLD MARKET                           9
    2.1    Imports in Denmark in 2011                        9
    2.2    Exports from Denmark in 2011                     10
3     IMPORTS IN DENMARK                                    11
    3.1      Africa                                         11
       3.1.1    Ghana                                       11
       3.1.2    Guinea                                      11
       3.1.3    Libya                                       12
       3.1.4    South Africa                                13
    3.2      Asia                                           14
       3.2.1    India                                       14
       3.2.2    Japan                                       15
       3.2.3    South Korea                                 16
    3.3      Europe                                         17
       3.3.1    Belarus                                     17
       3.3.2    Belgium                                     18
       3.3.3    Estonia                                     19
       3.3.4    Finland                                     20
       3.3.5    Germany                                     21
       3.3.6    Hungary                                     22
       3.3.7    Kazakhstan                                  23
       3.3.8    Latvia                                      24
       3.3.9    Lithuania                                   25
       3.3.10 Norway                                        26
       3.3.11 Poland                                        27
       3.3.12 Portugal                                      28
       3.3.13 Russia                                        29
       3.3.14 Slovakia                                      30
       3.3.15 Spain                                         31
       3.3.16 Sweden                                        32
       3.3.17 the Faroe Islands                             33
       3.3.18 the Netherlands                               34
       3.3.19 the United Kingdom                            35
    3.4      Latin America                                  36
       3.4.1    Mexico                                      36
       3.4.2    Venezuela                                   37
    3.5      North America & the Caribbean                  38
       3.5.1    Canada                                      38
    3.6      the Middle East                                39
       3.6.1    Kuwait                                      39
       3.6.2    the United Arab Emirates                    40
4     EXPORTS FROM DENMARK                                  41
    4.1      Africa                                         41
       4.1.1   Tanzania                                     41
       4.1.2   the Gambia                                   42
       4.1.3   Togo                                         43
    4.2      Asia                                           44                      ©2011 ICON Group Ltd.
                                                           Contents        vi

       4.2.1    India                                                 44
    4.3      Europe                                                   45
       4.3.1    Belarus                                               45
       4.3.2    Estonia                                               46
       4.3.3    Finland                                               47
       4.3.4    France                                                48
       4.3.5    Germany                                               49
       4.3.6    Iceland                                               50
       4.3.7    Ireland                                               51
       4.3.8    Latvia                                                52
       4.3.9    Lithuania                                             53
       4.3.10 Malta                                                   54
       4.3.11 Norway                                                  55
       4.3.12 Poland                                                  56
       4.3.13 Sweden                                                  57
       4.3.14 the Netherlands                                         58
       4.3.15 the United Kingdom                                      59
    4.4      Latin America                                            60
       4.4.1    Costa Rica                                            60
    4.5      North America & the Caribbean                            61
       4.5.1    Canada                                                61
       4.5.2    Dominica                                              62
    4.6      the Middle East                                          63
       4.6.1    Azerbaijan                                            63
       4.6.2    Jordan                                                64
       4.6.3    Qatar                                                 65
       4.6.4    Saudi Arabia                                          66
    5.1    Disclaimers & Safe Harbor                                  67
    5.2    ICON Group Ltd. User Agreement Provisions                  68                                ©2011 ICON Group Ltd.
                                 Mineral Fuels, Lubricants, and Related Materials in Denmark     7

On the demand side, exporters and strategic planners focusing on mineral fuels, lubricants, and
related materials in Denmark face a number of questions. Which countries are supplying mineral
fuels, lubricants, and related materials to Denmark? How important is Denmark compared to
others in terms of the entire global and regional market? How much do the imports of mineral
fuels, lubricants, and related materials vary from one country of origin to another in Denmark?
On the supply side, Denmark also exports mineral fuels, lubricants, and related materials. Which
countries receive the most exports from Denmark? How are these exports concentrated across
buyers? What is the value of these exports and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for mineral fuels, lubricants, and
related materials in Denmark. With the globalization of this market, managers can no longer be
contented with a local view. Nor can managers be contented with out-of-date statistics which
appear several years after the fact. I have developed a methodology, based on macroeconomic
and trade models, to estimate the market for mineral fuels, lubricants, and related materials for
those countries serving Denmark via exports, or supplying from Denmark via imports. It does so
for the current year based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where Denmark fits into the world market for
imported and exported mineral fuels, lubricants, and related materials. The total level of imports
and exports on a worldwide basis, and those for Denmark in particular, is estimated using a
model which aggregates across over 150 key country markets and projects these to the current
year. From there, each country represents a percent of the world market. This market is served
from a number of competitive countries of origin. Based on both demand- and supply-side
dynamics, market shares by country of origin are then calculated across each country market
destination. These shares lead to a volume of import and export values for each country and are
aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood
estimates of both the value of each market and the share that Denmark is likely to receive this
year. From these figures, rankings are calculated to allow managers to prioritize Denmark
compared to other major country markets. In this way, all the figures provided in this report are
forecasts that can be combined with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of mineral fuels,
lubricants, and related materials, Chapter 3 goes into detail on imports, but for each major
country of origin serving Denmark. A “major” market is defined as a country where Denmark
represents a substantially large share of either imports or exports. For each major country
exporting to Denmark, one can thus observe how important Denmark is to that exporting country
compared to other countries of the world. Chapter 4 does the same, but for exports of mineral
fuels, lubricants, and related materials originating from Denmark, for each major country of
destination. In doing so, one can discover the share that Denmark has in each major market; this
share value is often used as a measure of competitiveness for Denmark. In all cases, the total                                                       ©2011 ICON Group Ltd.
                                  Mineral Fuels, Lubricants, and Related Materials in Denmark       8

dollar volume and percentage share values by major trading partner are provided. Combined,
Chapters 3 and 4 present a the total picture for imports and exports of mineral fuels, lubricants,
and related materials to and from Denmark to and from all other major countries in the world.
"Mineral Fuels, Lubricants, and Related Materials" as a category is defined in this report
following the definition given by the United Nations Statistics Division Classification Registry
using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code
that defined "mineral fuels, lubricants, and related materials" is 3  . For more information on
this definition, please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                        ©2011 ICON Group Ltd.
                                   Mineral Fuels, Lubricants, and Related Materials in Denmark          9

2.1         IMPORTS IN DENMARK IN 2011
    Imported Mineral Fuels, Lubricants, and Related Materials in Denmark, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
Norway                            1                2,969,053                35.40                 35.40
Sweden                            2                1,887,301                22.50                 57.90
Russia                            3                1,261,845                15.05                 72.95
Germany                           4                  269,186                 3.21                 76.16
the United Arab Emirates          5                  252,169                 3.01                 79.17
India                             6                  236,511                 2.82                 81.99
Venezuela                         7                  214,217                 2.55                 84.54
Finland                           8                  199,065                 2.37                 86.91
Belarus                           9                  119,667                 1.43                 88.34
Poland                           10                  110,250                 1.31                 89.66
the Netherlands                  11                  103,475                 1.23                 90.89
the United States                12                  103,242                 1.23                 92.12
Japan                            13                   86,609                 1.03                 93.15
Kuwait                           14                   82,311                 0.98                 94.13
the United Kingdom               15                   75,988                 0.91                 95.04
Kazakhstan                       16                   74,252                 0.89                 95.93
Guinea                           17                   48,587                 0.58                 96.51
South Korea                      18                   38,565                 0.46                 96.97
Belgium                          19                   38,323                 0.46                 97.42
Saudi Arabia                     20                   32,130                 0.38                 97.81
France                           21                   25,784                 0.31                 98.11
Mexico                           22                   23,437                 0.28                 98.39
Libya                            23                   22,323                 0.27                 98.66
South Africa                     24                   21,071                 0.25                 98.91
Canada                           25                   16,727                 0.20                 99.11
Lithuania                        26                   12,945                 0.15                 99.26
Ukraine                          27                   12,602                 0.15                 99.41
Estonia                          28                   11,071                 0.13                 99.55
Ghana                            29                   11,019                 0.13                 99.68
Portugal                         30                    7,310                 0.09                 99.76
Other                            31                   19,760                 0.24                100.00
Total                                              8,386,795               100.00                100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,                                                          ©2011 ICON Group Ltd.
                                   Mineral Fuels, Lubricants, and Related Materials in Denmark        10

2.2         EXPORTS FROM DENMARK IN 2011
   Mineral Fuels, Lubricants, and Related Materials Exports from Denmark, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
Sweden                            1                5,567,096                41.40                 41.40
Germany                           2                2,129,533                15.83                 57.23
France                            3                1,305,376                 9.71                 66.94
the Netherlands                   4                1,221,495                 9.08                 76.02
Canada                            5                  881,945                 6.56                 82.58
Finland                           6                  827,438                 6.15                 88.73
Norway                            7                  478,210                 3.56                 92.29
the United Kingdom                8                  471,005                 3.50                 95.79
the United States                 9                  208,282                 1.55                 97.34
Ireland                          10                   74,940                 0.56                 97.89
Singapore                        11                   73,079                 0.54                 98.44
Poland                           12                   55,819                 0.42                 98.85
Belgium                          13                   42,128                 0.31                 99.17
Iceland                          14                   28,731                 0.21                 99.38
Italy                            15                   20,087                 0.15     
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