Denmark - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Denmark - 2023
Contents:
- Crude Oil Price in Denmark (CIF) - 2022
- Crude Oil Price in Denmark (FOB) - 2022
- Crude Oil Imports in Denmark
- Crude Oil Exports in Denmark
Crude Oil Price in Denmark (CIF) - 2022
The average crude oil import price stood at $801 per ton in 2022, growing by 46% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. Over the period under review, average import prices hit record highs at $870 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Nigeria ($1,000 per ton) and Algeria ($996 per ton), while the price for Libya ($754 per ton) and Norway ($774 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Oil Price in Denmark (FOB) - 2022
The average crude oil export price stood at $772 per ton in 2022, jumping by 48% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 86%. The export price peaked at $823 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($884 per ton), while the average price for exports to Turkey ($471 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 Turkey (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Crude Oil Imports in Denmark
In 2022, crude oil imports into Denmark reduced to 4.5M tons, dropping by -13.3% compared with 2021. Over the period under review, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports reached the peak of 5.2M tons, and then reduced in the following year.
In value terms, crude oil imports soared to $3.6B in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Crude Oil in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 813 | 561 | 783 | 1,845 | 31.4% |
| Norway | 1,010 | 409 | 342 | 948 | -2.1% |
| United Kingdom | 91.3 | N/A | 142 | 316 | 51.3% |
| Libya | N/A | 31.3 | 147 | 243 | 178.6% |
| Algeria | N/A | N/A | N/A | 167 | 0% |
| Russia | 181 | 165 | 338 | 70.0 | -27.1% |
| Nigeria | 221 | 275 | 154 | N/A | -16.5% |
| Others | 75.0 | 78.0 | 964 | 48.8 | -13.3% |
| Total | 2,392 | 1,520 | 2,870 | 3,638 | 15.0% |
Top Suppliers of Crude Oil to Denmark in 2022:
- Nigeria (undefinedK tons)
- United States (2294.5K tons)
- Norway (1224.6K tons)
- United Kingdom (390.9K tons)
- Libya (322.8K tons)
- Algeria (168.2K tons)
- Russia (72.9K tons)
Crude Oil Exports in Denmark
In 2022, approx. 501K tons of crude petroleum oil were exported from Denmark; with a decrease of -28.1% on the year before. In general, exports recorded a sharp shrinkage.
In value terms, crude oil exports amounted to $387M in 2022. Overall, exports saw a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 31%.
| Export of Crude Oil in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 144 | 69.4 | 113 | 283 | 25.3% |
| Finland | 84.3 | 7.9 | 45.6 | 69.3 | -6.3% |
| Sweden | 740 | 53.4 | 27.9 | 22.0 | -69.0% |
| Turkey | N/A | N/A | N/A | 13.2 | 0% |
| Ireland | N/A | N/A | 33.8 | N/A | 0% |
| China | N/A | 7.8 | N/A | N/A | 0% |
| United States | 67.0 | N/A | N/A | N/A | 0% |
| Portugal | N/A | 13.3 | N/A | N/A | 0% |
| Italy | 82.4 | N/A | 143 | N/A | 31.7% |
| Others | 51.2 | 126 | N/A | 0.1 | -87.5% |
| Total | 1,169 | 278 | 364 | 387 | -30.8% |
Top Export Markets for Crude Oil from Denmark in 2022:
- United States (undefinedK tons)
- Netherlands (361.5K tons)
- Finland (87.0K tons)
- Turkey (27.9K tons)
- Sweden (24.9K tons)
This report provides an in-depth analysis of the crude oil 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude oil market in Denmark.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Denmark.
409
This report provides an in-depth analysis of the global crude oil market.
134
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
393
This report provides an in-depth analysis of the crude oil market in Denmark.
97
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Denmark.
409
This report provides an in-depth analysis of the global crude oil market.
134
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
523
Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
