
Denmark - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights
Denmark: Potassium Sulphate (Sop) Market 2023
Potassium Sulphate (Sop) Market Size in Denmark
The Danish potassium sulphate (SOP) market surged to $X in 2021, jumping by 92% against the previous year. In general, consumption continues to indicate a noticeable increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.
Potassium Sulphate (Sop) Production in Denmark
In value terms, potassium sulphate (SOP) production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2020 when the production volume decreased by 99.9%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.
Potassium Sulphate (Sop) Exports
Exports from Denmark
In 2021, shipments abroad of potassium sulphate (SOP) decreased by -25.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 611%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, potassium sulphate (SOP) exports shrank significantly to $X in 2021. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 580%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Sweden (X tons) was the main destination for potassium sulphate (SOP) exports from Denmark, with a 80% share of total exports. Moreover, potassium sulphate (SOP) exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), fivefold.
From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+49.5% per year) and Germany (-0.3% per year).
In value terms, Sweden ($X) remains the key foreign market for potassium sulphate (SOP) exports from Denmark, comprising 76% of total exports. The second position in the ranking was held by Norway ($X), with an 18% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Sweden stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+42.9% per year) and Germany (-4.3% per year).
Export Prices by Country
The average potassium sulphate (SOP) export price stood at $X per ton in 2021, with an increase of 9.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.3%), while the prices for the other major destinations experienced a decline.
Potassium Sulphate (Sop) Imports
Imports into Denmark
In 2021, the amount of potassium sulphate (SOP) imported into Denmark declined rapidly to X tons, dropping by -28.3% against the year before. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 36%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.
In value terms, potassium sulphate (SOP) imports shrank notably to $X in 2021. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Germany (X tons) was the main potassium sulphate (SOP) supplier to Denmark, accounting for a approx. 98% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Germany totaled -4.3%.
In value terms, Germany ($X) constituted the largest supplier of potassium sulphate (SOP) to Denmark.
From 2012 to 2021, the average annual growth rate of value from Germany totaled -10.4%.
Import Prices by Country
In 2021, the average potassium sulphate (SOP) import price amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -6.4% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the potassium sulphate (sop) 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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