Denmark - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Denmark - 2023
Contents:
- Urea Price in Denmark (CIF) - 2023
- Urea Price in Denmark (FOB) - 2022
- Urea Imports in Denmark
- Urea Exports in Denmark
Urea Price in Denmark (CIF) - 2023
The average urea import price stood at $408 per ton in June 2023, dropping by -31.6% against the previous month. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 74% m-o-m. The import price peaked at $661 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1,136 per ton), while the price for Poland ($378 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 Belgium (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Urea Price in Denmark (FOB) - 2022
In 2022, the average urea export price amounted to $356 per ton, shrinking by -3.4% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 40% against the previous year. The export price peaked at $670 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($881 per ton), while the average price for exports to the UK ($195 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 Norway (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Imports in Denmark
For the fourth consecutive year, Denmark recorded growth in supplies from abroad of urea, which increased by 55% to 112K tons in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports surged to $62M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Urea in Denmark (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 6.0 | 6.4 | 14.4 | 37.5 | 84.2% |
Belgium | N/A | N/A | N/A | 9.3 | 0% |
Russia | 5.8 | 4.4 | 10.7 | 5.6 | -1.2% |
Oman | N/A | N/A | N/A | 5.5 | 0% |
Poland | 0.3 | 0.5 | 0.7 | 2.5 | 102.7% |
Others | 0.7 | 0.8 | 0.9 | 2.0 | 41.9% |
Total | 12.8 | 12.1 | 26.8 | 62.5 | 69.7% |
Top Suppliers of Urea to Denmark in 2022:
- Germany (62.0K tons)
- Belgium (24.1K tons)
- Poland (8.7K tons)
- Oman (7.2K tons)
- Russia (7.2K tons)
Urea Exports in Denmark
In 2022, urea exports from Denmark soared to 41K tons, with an increase of 275% against 2021 figures. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports surged to $15M in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Urea in Denmark (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | N/A | 0.7 | 1,186 | 4,274 | 7713.9% |
United Kingdom | N/A | N/A | 117 | 2,588 | 2112.0% |
Iceland | 188 | 172 | 415 | 1,974 | 119.0% |
Sweden | 167 | 868 | 188 | 1,133 | 89.3% |
Norway | 105 | 116 | 234 | 1,070 | 116.8% |
Faroe Islands | 95.1 | 406 | 570 | 1,064 | 123.7% |
Latvia | 86.5 | 108 | 230 | 614 | 92.2% |
Germany | 0.1 | 0.6 | 611 | 504 | 1614.5% |
Others | 109 | 118 | 460 | 1,301 | 128.5% |
Total | 750 | 1,790 | 4,011 | 14,523 | 168.5% |
Top Export Markets for Urea from Denmark in 2022:
- Poland (14.1K tons)
- United Kingdom (13.3K tons)
- Iceland (2.5K tons)
- Latvia (2.3K tons)
- Faroe Islands (1.9K tons)
- Sweden (1.6K tons)
- Germany (1.6K tons)
- Norway (1.2K tons)
This report provides an in-depth analysis of the urea 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 4001 - Urea
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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Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
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