Report Update Feb 1, 2025

Denmark - Tankers - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Tanker Market 2025

Tanker Market Size in Denmark

In 2021, after five years of growth, there was significant decline in the Danish tanker market, when its value decreased by -23.5% to $X. Over the period under review, consumption, however, enjoyed significant growth. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Tanker Production in Denmark

In value terms, tanker production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 63%. Tanker production peaked at $X in 2020, and then dropped rapidly in the following year.

Tanker Exports

Exports from Denmark

In 2021, shipments abroad of tankers decreased by -20% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 150% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, tanker exports skyrocketed to $X in 2021. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 166%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for tanker exports from Denmark, with a 75% share of total exports. Moreover, tanker exports to Singapore exceeded the volume sent to the second major destination, Marshall Islands (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +13.0%.

In value terms, Singapore ($X) emerged as the key foreign market for tankers exports from Denmark, comprising 64% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +8.3%.

Export Prices by Country

In 2021, the average tanker export price amounted to $X per unit, jumping by 50% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tanker export price increased by +75.1% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Marshall Islands amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tanker Imports

Imports into Denmark

In 2021, after four years of growth, there was significant decline in purchases abroad of tankers, when their volume decreased by -22.5% to X units. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 700%. Imports peaked at X units in 2020, and then contracted remarkably in the following year.

In value terms, tanker imports skyrocketed to $X in 2021. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 973% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Marshall Islands (X units), South Korea (X units) and Greece (X units) were the main suppliers of tanker imports to Denmark, together comprising 58% of total imports. These countries were followed by Liberia, China, Hong Kong SAR and Singapore, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Liberia (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tanker suppliers to Denmark were Marshall Islands ($X), South Korea ($X) and Liberia ($X), together accounting for 69% of total imports.

Liberia, with a CAGR of +67.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tanker import price stood at $X per unit in 2021, surging by 98% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Marshall Islands ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Marshall Islands (+24.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and Indonesia, with a combined 54% share of global consumption. Poland, Brazil, Belgium and France lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and South Korea, with a combined 90% share of global production.

What are the leading suppliers of tankers to Denmark?

In value terms, Liberia, Greece and Hong Kong SAR appeared to be the largest tanker suppliers to Denmark, together comprising 23% of total imports.

What are the leading importers of tankers from Denmark?

In value terms, Germany remains the key foreign market for tanker exports from Denmark.

What is the average export price for tankers in Denmark?

The average tanker export price stood at $13,788,540 per unit in 2021, declining by -21.6% against the previous year.

What is the average import price for tankers in Denmark?

The average tanker import price stood at $10,146,297 per unit in 2021, which is down by -37.8% against the previous year.

This report provides an in-depth analysis of the tanker market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30112210 - Crude oil tankers
Prodcom 30112230 - Oil product tankers
Prodcom 30112250 - Chemical tankers
Prodcom 30112270 - Gas carriers

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024