Price for Fertilizers; Mineral or Chemical, Nitrogenous in Denmark - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Denmark (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Denmark (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Denmark
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Denmark
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Denmark (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $306 per ton in June 2023, declining by -20.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in May 2023 an increase of 61% m-o-m. As a result, import price reached the peak level of $385 per ton, and then declined dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($584 per ton), while the price for Portugal ($84.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Denmark (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $317 per ton, jumping by 23% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $347 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($501 per ton), while the average price for exports to Estonia ($124 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 the UK (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Denmark
In 2022, overseas purchases of fertilizers; mineral or chemical, nitrogenoi were finally on the rise to reach 963K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $358M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 85.0 | 70.1 | 115 | 203 | 33.7% |
| Netherlands | 12.1 | 6.4 | 6.8 | 39.2 | 48.0% |
| Poland | 10.9 | 14.6 | 25.7 | 38.2 | 51.9% |
| Spain | 6.5 | 13.6 | 7.0 | 18.7 | 42.2% |
| Belgium | 1.9 | 0.7 | 1.3 | 14.7 | 97.8% |
| France | 0.3 | 0.3 | 0.1 | 14.4 | 263.4% |
| Lithuania | 3.4 | 1.8 | 4.2 | 10.7 | 46.5% |
| Russia | 11.4 | 9.3 | 18.5 | 9.7 | -5.2% |
| Others | 14.1 | 4.3 | 7.8 | 9.5 | -12.3% |
| Total | 146 | 121 | 186 | 358 | 34.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Denmark in 2022:
- Germany (384.4K tons)
- Netherlands (194.7K tons)
- Spain (121.5K tons)
- Poland (120.3K tons)
- France (42.6K tons)
- Lithuania (37.8K tons)
- Belgium (31.4K tons)
- Russia (13.9K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Denmark
Fertilizers; mineral or chemical, nitrogenous exports from Denmark surged to 137K tons in 2022, increasing by 47% compared with 2021 figures. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports surged to $43M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 19.0 | 17.3 | 14.8 | 13.1 | -11.7% |
| Germany | N/A | 0.1 | 2.1 | 10.7 | 934.4% |
| Lithuania | N/A | 2.8 | N/A | 4.7 | 29.6% |
| Poland | 0.1 | 0.1 | 1.2 | 4.3 | 250.3% |
| Iceland | 0.8 | 0.8 | 1.7 | 2.4 | 44.2% |
| United Kingdom | N/A | N/A | 0.1 | 2.3 | 2200.0% |
| Latvia | 0.7 | 1.9 | 1.8 | 1.6 | 31.7% |
| Estonia | 0.6 | 1.0 | 0.9 | 0.9 | 14.5% |
| Others | 1.1 | 1.0 | 1.4 | 3.6 | 48.5% |
| Total | 22.3 | 24.9 | 24.0 | 43.4 | 24.9% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Denmark in 2022:
- Germany (46.9K tons)
- Sweden (26.7K tons)
- Poland (22.5K tons)
- Lithuania (12.1K tons)
- Estonia (7.1K tons)
- Iceland (5.3K tons)
- United Kingdom (4.9K tons)
- Latvia (3.1K tons)
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