Denmark: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Denmark

In 2022, the Danish nitrogenous fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nitrogenous Fertilizer Production in Denmark

In value terms, nitrogenous fertilizer production soared to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from Denmark

Nitrogenous fertilizer exports from Denmark skyrocketed to X tons in 2022, rising by X% against 2021. Over the period under review, exports, however, recorded a noticeable decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports soared to $X in 2022. In general, exports, however, saw a slight contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and Lithuania (X tons) were the main destinations of nitrogenous fertilizer exports from Denmark, together comprising X% of total exports. Poland, the UK, Iceland, Latvia and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nitrogenous fertilizer exported from Denmark were Sweden ($X), Germany ($X) and Lithuania ($X), together accounting for X% of total exports. Poland, the UK, Iceland, Latvia and Estonia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to the UK ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Denmark

In 2022, purchases abroad of nitrogenous fertilizers (mineral or chemical) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports soared to $X in 2022. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest nitrogenous fertilizer supplier to Denmark, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Denmark, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average nitrogenous fertilizer import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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