Denmark - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Denmark - 2023
Contents:
- NPK Fertilizer Price in Denmark (CIF) - 2022
- NPK Fertilizer Price in Denmark (FOB) - 2023
- NPK Fertilizer Imports in Denmark
- NPK Fertilizer Exports in Denmark
NPK Fertilizer Price in Denmark (CIF) - 2022
In 2022, the average NPK fertilizer import price amounted to $604 per ton, growing by 45% against the previous year. Over the period under review, the import price recorded a notable expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($807 per ton), while the price for Poland ($374 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in Denmark (FOB) - 2023
The average NPK fertilizer export price stood at $2,469 per ton in August 2023, jumping by 15% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 303% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,803 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($3,312 per ton), while the average price for exports to Sweden ($1,515 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in Denmark
In 2022, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -33.5% to 172K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 305K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, NPK fertilizer imports dropped modestly to $104M in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of $107M, and then declined in the following year.
| Import of NPK Fertilizer in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 33.0 | 38.8 | 52.9 | 64.0 | 24.7% |
| Morocco | N/A | N/A | N/A | 11.0 | 0% |
| Russia | 22.9 | 19.2 | 24.1 | 9.8 | -24.6% |
| Poland | 10.5 | 9.6 | 2.9 | 5.4 | -19.9% |
| Norway | N/A | N/A | 6.3 | 5.3 | -15.9% |
| Others | 13.5 | 18.0 | 21.2 | 8.2 | -15.3% |
| Total | 79.9 | 85.6 | 107 | 104 | 9.2% |
Top Suppliers of NPK Fertilizer to Denmark in 2022:
- Finland (107.0K tons)
- Russia (20.8K tons)
- Poland (14.4K tons)
- Morocco (13.6K tons)
- Norway (8.4K tons)
NPK Fertilizer Exports in Denmark
In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -92.7% to 6.1K tons, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, the exports attained the peak of 117K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, NPK fertilizer exports fell notably to $3.7M in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $38M, and then contracted markedly in the following year.
| Export of NPK Fertilizer in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 23.3 | 23.0 | 28.9 | 1.0 | -65.0% |
| Germany | 0.5 | 0.7 | 1.0 | 0.7 | 11.9% |
| Greenland | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Estonia | 1.4 | N/A | 1.8 | 0.4 | -34.1% |
| United Kingdom | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Faroe Islands | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Latvia | 2.3 | 6.3 | 4.9 | N/A | 46.0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 0.6 | 1.6 | 1.1 | 0.7 | 5.3% |
| Total | 28.3 | 32.0 | 38.4 | 3.7 | -49.2% |
Top Export Markets for NPK Fertilizer from Denmark in 2022:
- Sweden (2356.0 tons)
- Greenland (1108.3 tons)
- Germany (905.3 tons)
- Estonia (656.7 tons)
- United Kingdom (239.1 tons)
- Turkey (166.2 tons)
- Faroe Islands (95.0 tons)
- Latvia (10.5 tons)
This report provides an in-depth analysis of the npk fertilizer 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:
- FCL 4021 - NPK fertilizers
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
-
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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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
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