Market research

Carbon dioxide market in Denmark

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The carbon dioxide market in Denmark, measured in value, expanded significantly from 2018 to 2023. Starting at 23.5 million USD in 2018, it dipped slightly to 21.3 million USD in 2019 before rising steadily to a peak of 32.7 million USD in 2023. This growth was interrupted in 2024, when the market value fell sharply to 22.3 million USD.

Market volume in physical terms followed a similar pattern until 2020, increasing from 67 200 tonnes in 2018 to 77 400 tonnes in 2020. The supply structure relied heavily on imports, which accounted for the majority of market volume. Import volumes grew notably after 2020, reaching over 92 000 tonnes in 2022, before declining in subsequent years.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2020
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2020
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Denmark
  1. 5.1.1. In kind, 2018-2020, t
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Denmark in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Denmark by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Denmark in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Denmark by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Denmark in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Denmark by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Denmark in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Denmark by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production carbon dioxide in Denmark

In value, 2018-2021, K $ US

Carbon dioxide production in Denmark increased for the second consecutive year. In 2021, output was valued at 18 165 K $ US, representing an 18.6% gain compared to 2020. Over the period from 2018 to 2021, production grew by 17.8%, with a compound annual growth rate (CAGR) of 5.6%. The lowest value was recorded in 2019 at 14 957 K $ US, which marked the largest decline of 3.0% during this timeframe.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.0%)	2.4%	18.6%	5.6%

Source: SHEV.io

In kind, 2018-2021, t

Carbon dioxide production in Denmark increased for the second consecutive year. In 2021, 19 100 tonnes of carbon dioxide were produced, indicating a robust uptick of 21.7% from the previous year. From 2018 to 2021, production rose by 21.8%, with a compound annual growth rate (CAGR) of 6.8%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.1%	21.7%	n/a	-

Source: SHEV.io

Exports carbon dioxide from Denmark

Exports in kind, t

Carbon dioxide shipments from Denmark to abroad increased for the third consecutive year. In 2021, exports reached 15 947 tonnes, showing a sharp gain of 47.1% compared to 2020. Over the period from 2018 to 2021, exports surged by 152.7%, with a compound annual growth rate (CAGR) of 36.2%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	53.9%	11.6%	47.1%	36.2%

Source: SHEV.io

From 2018 to 2021, Germany and Sweden were the dominant export partners for carbon dioxide in kind. Germany accounted for 55.5% of total flows, while Sweden made up 25.7%, together forming 81.2% of total exports. Other partners accounted for the remaining volume.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Denmark in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

After a two-year reduction, foreign carbon dioxide supplies from Denmark increased. In 2021, Denmark exported 7 315 K $ US of carbon dioxide, reflecting an advance of 25.0% compared to 2020. The lowest value was recorded in 2020 at 5 853 K $ US, which saw the largest decline of 19.0% during this period.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(0.2%)	(19.0%)	25.0%	0.3%

Source: SHEV.io

From 2018 to 2021, Germany, Sweden, and Estonia were the main destinations for carbon dioxide exports in value terms. Germany accounted for 24.9% of exports, Sweden for 24.7%, and Estonia for 17.4%, together making up 67.0% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Denmark in value, 2018-2021

Source: SHEV.io

Imports carbon dioxide to Denmark

Imports in kind, t

The volume of carbon dioxide imports into Denmark increased for the second consecutive year. In 2021, imports totalled 82 922 tonnes, showing a 19.8% year-on-year increase. Over the period from 2018 to 2021, imports grew by 43.3%, with a compound annual growth rate (CAGR) of 12.7%. The lowest value was recorded in 2019 at 55 625 tonnes, which experienced the largest decline of 3.9%. In contrast, the largest increase occurred in 2020, with a rise of 24.4%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.9%)	24.4%	19.8%	12.7%

Source: SHEV.io

From 2018 to 2021, Norway and Finland were the dominant sources for carbon dioxide imports in kind, jointly accounting for 81.8% of total flows. Other markets made up the remaining share.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Denmark in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Imported carbon dioxide volumes into Denmark increased for the second consecutive year. In 2021, import volume registered 21 173 K $ US, representing a strong rise of 19.7% compared to 2020. Over the period from 2018 to 2021, imports increased by 38.4%, with a compound annual growth rate (CAGR) of 11.4%. The lowest value was recorded in 2019 at 13 550 K $ US, which saw the largest decline of 11.4%. The largest increase occurred in 2020, with a rise of 30.5%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.4%)	30.5%	19.7%	11.4%

Source: SHEV.io

From 2018 to 2021, Sweden, Norway, and Estonia led as the top suppliers of carbon dioxide to Denmark in value terms. Sweden accounted for 46.1% of imports, Norway for 21.7%, and Estonia for 12.4%, with their combined share reaching 80.2% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Denmark in value, 2018-2021

Source: SHEV.io