Denmark: Salt Market 2024

Salt Market Size in Denmark

In 2022, the Danish salt market increased by 100% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Salt Production in Denmark

In value terms, salt production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Salt Exports

Exports from Denmark

In 2022, shipments abroad of salt and pure sodium chloride decreased by -7.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 15%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, salt exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 14% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for salt exports from Denmark, with a 48% share of total exports. Moreover, salt exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +4.1%.

In value terms, Sweden ($X) remains the key foreign market for salt and pure sodium chloride exports from Denmark, comprising 37% of total exports. The second position in the ranking was taken by Finland ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +8.4%.

Export Prices by Country

The average salt export price stood at $X per ton in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 26%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.1%).

Salt Imports

Imports into Denmark

In 2022, supplies from abroad of salt and pure sodium chloride increased by 147% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 220%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, salt imports skyrocketed to $X in 2022. Overall, imports saw buoyant growth. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of salt to Denmark, with a 82% share of total imports. Moreover, salt imports from Tunisia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia amounted to +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.2% per year) and Germany (-11.6% per year).

In value terms, the Netherlands ($X), Tunisia ($X) and Germany ($X) appeared to be the largest salt suppliers to Denmark, with a combined 77% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +31.4%, recorded the highest growth rate of 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

The average salt import price stood at $X per ton in 2022, dropping by -16.3% against the previous year. Overall, the import price saw a noticeable reduction. The growth pace was the most rapid in 2020 an increase of 88% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+47.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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