Denmark: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Denmark

In 2022, the Danish market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 98% to $X, rising for the second year in a row after three years of decline. Overall, consumption posted a buoyant expansion. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Denmark

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution reduced slightly to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports from Denmark

For the third year in a row, Denmark recorded growth in overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, which increased by 76% to X tons in 2022. Over the period under review, exports, however, saw a dramatic descent. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. In general, exports, however, faced a sharp downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Denmark, with a 66% share of total exports. Moreover, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Sweden exceeded the volume sent to the second major destination, Finland (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to -52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (0.0% per year) and Austria (0.0% per year).

In value terms, the largest markets for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported from Denmark were Sweden ($X), Finland ($X) and Austria ($X).

Austria, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, waning by -7.8% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2014 an increase of 42% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.8%).

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports into Denmark

In 2022, overseas purchases of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 60% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of 140% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2022. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main suppliers of imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Denmark, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +6.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and Poland ($X) were the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution suppliers to Denmark, with a combined 85% share of total imports. Russia and the Netherlands lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, the Netherlands, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, rising by 38% against the previous year. Overall, the import price posted temperate growth. The most prominent rate of growth was recorded in 2021 an increase of 77%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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