Denmark: Rare Gases Market 2024

Rare Gases Market Size in Denmark

The Danish rare gases market rose modestly to $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Rare Gases Production in Denmark

In value terms, rare gases production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Rare gases production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Denmark

In 2022, the amount of rare gases (excluding argon) exported from Denmark dropped to X cubic meters, falling by X% against 2021. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, rare gases exports skyrocketed to $X in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Sweden (X cubic meters) was the main destination for rare gases exports from Denmark, accounting for a X% share of total exports. Moreover, rare gases exports to Sweden exceeded the volume sent to the second major destination, Faroe Islands (X cubic meters), sixfold. The third position in this ranking was taken by Norway (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (X% per year) and Norway (X% per year).

In value terms, Sweden ($X) remains the key foreign market for rare gases (excluding argon) exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the export price, however, recorded a mild setback. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while the average price for exports to Faroe Islands ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Denmark

In 2022, purchases abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rare gases imports soared to $X in 2022. Overall, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest rare gases supplier to Denmark, accounting for a X% share of total imports. Moreover, rare gases imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X cubic meters), threefold. The third position in this ranking was held by Qatar (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Qatar (X% per year).

In value terms, Germany ($X), Qatar ($X) and Finland ($X) appeared to be the largest rare gases suppliers to Denmark, with a combined X% share of total imports. Sweden, Norway, Belgium, France, China and the United States lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded 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

In 2022, the average rare gases import price amounted to $X per cubic meter, waning by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price 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, rare gases import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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