Denmark: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Denmark

The Danish market for processed petroleum oils and distillates skyrocketed to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a tangible expansion 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 reached the peak level and is likely to continue growth in the immediate term.

Production of Processed Petroleum Oils and Distillates in Denmark

In value terms, processed petroleum oils and distillates production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Processed petroleum oils and distillates production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Processed Petroleum Oils and Distillates

Exports from Denmark

In 2022, approx. X tons of processed petroleum oils and distillates were exported from Denmark; shrinking by X% compared with the year before. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports skyrocketed to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of processed petroleum oils and distillates exports from Denmark, with a combined X% share of total exports. The United States, Belgium, Norway and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, Sweden ($X), the Netherlands ($X) and the UK ($X) constituted the largest markets for processed petroleum oils and distillates exported from Denmark worldwide, together accounting for X% of total exports. The United States, Norway, Germany and Belgium lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for processed petroleum oils and distillates amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($X per ton) and Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Denmark

In 2022, overseas purchases of processed petroleum oils and distillates increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports skyrocketed to $X in 2022. Over the period under review, imports posted a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of processed petroleum oils and distillates imports to Denmark, with a combined X% share of total imports. France, the United States, Belgium, Norway, Finland, Estonia, Germany and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed petroleum oils and distillates suppliers to Denmark were Sweden ($X), the Netherlands ($X) and the UK ($X), together accounting for X% of total imports. Belgium, France, Norway, the United States, Finland, Estonia, Germany and Poland lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for processed petroleum oils and distillates stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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