Market research

Nitric acid and sulphonitric acids market in Denmark

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for nitric acid and sulphonitric acids in Denmark, measured in value, entered a downward phase from 2018 to 2021, contracting from 9.4 million USD to 7.7 million USD. This trend included a year of relative stability in 2020, where the market size declined by less than 2%.

A strong reversal began in 2022, with the market value jumping by over 30% to 10.1 million USD and climbing another 30% to a peak of 13.2 million USD in 2023. This expansion was followed by a sharp correction in 2024, as the market fell back to 9.3 million USD.

In physical terms, the market volume grew from 60.5 thousand tons in 2018 to 62.7 thousand tons in 2019, then stabilized at approximately 62.4 thousand tons in 2020.

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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Denmark in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Denmark by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Denmark in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Denmark by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Denmark in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Denmark by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Denmark in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Denmark by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 nitric acid and sulphonitric acids in Denmark

In value, 2018-2021, K $ US

Denmark's production of nitric acid and sulphonitric acids rebounded after a two-year decline. In 2021, output reached 1,135 thousand US dollars, marking a robust 20.2% increase compared to 2020. The lowest point occurred in 2020 at 945 thousand US dollars, which saw the largest decline of 5.9%. Over the period from 2018 to 2021, production grew by 12.4%, translating to an annualized rate of 4.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(0.6%)	(5.9%)	20.2%	4.0%

Source: SHEV.io

In kind, 2018-2021, t

In 2021, Denmark produced 2,863 tonnes of nitric acid and sulphonitric acids, representing a 10.0% decrease from the previous year. The highest output was recorded in 2019 at 3,181 tonnes, with a 1.9% increase that year. The lowest was in 2020 at 2,863 tonnes, which experienced the largest decline of 10.0%. From 2018 to 2021, overall production fell by 8.3%, corresponding to a compound annual growth rate of -2.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.9%	(10.0%)	n/a	-

Source: SHEV.io

Exports nitric acid and sulphonitric acids from Denmark

Exports in kind, t

Denmark's exports of nitric acid and sulphonitric acids have grown for the third consecutive year. In 2021, shipments totaled 6,490 tonnes, a remarkable 189.5% increase year-over-year. Between 2018 and 2021, exports surged by 1,457%, with a compound annual growth rate of 149.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	18.4%	354.4%	189.5%	149.7%

Source: SHEV.io

From 2018 to 2021, Germany remained the leading export partner for Denmark's nitric acid and sulphonitric acids in volume terms, accounting for 74.2% of total flows. Other markets contributed smaller shares, forming a long tail.

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

The market showed an unstable trend over the period. Export volumes peaked in 2021 and hit their lowest point in 2019, with a top-to-bottom ratio of 10.4 times. In 2021, Denmark's exports of nitric acid and sulphonitric acids were valued at 1,883 thousand US dollars, soaring by 490.2% compared to 2020. The minimum value was recorded in 2019 at 181 thousand US dollars, which saw the largest decline of 11.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.1%)	76.5%	490.2%	110.0%

Source: SHEV.io

Between 2018 and 2021, Germany, Norway, and Sweden were the primary destinations for Denmark's exports of nitric acid and sulphonitric acids in value terms. Germany led with 55.7% of exports, followed by Norway at 21.5% and Sweden at 11.6%. Together, these three countries accounted for 88.8% of total export flows.

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 nitric acid and sulphonitric acids to Denmark

Imports in kind, t

After two years of growth, Denmark's imports of nitric acid and sulphonitric acids declined. In 2021, imports reached 56,262 tonnes, down by 9.0% from the previous year. The highest volume was recorded in 2020 at 61,819 tonnes, with the largest increase of 3.8% occurring in 2019. From 2018 to 2021, imports decreased by 2.6%, equating to an annualized rate of -0.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.8%	3.1%	(9.0%)	(0.9%)

Source: SHEV.io

From 2018 to 2021, Norway and Germany dominated Denmark's imports of nitric acid and sulphonitric acids in volume terms. Norway accounted for 73.7% of total flows, while Germany made up 25.8%. Combined, these two countries represented 99.5% of all imports.

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

Denmark's imports of nitric acid and sulphonitric acids have increased for the second year in a row. In 2021, imports stood at 8,471 thousand US dollars, reflecting a modest gain of 6.2% compared to the previous year. The lowest value was recorded in 2019 at 7,905 thousand US dollars, which experienced the largest decline of 7.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(7.9%)	0.9%	6.2%	(0.5%)

Source: SHEV.io

Throughout 2018 to 2021, Norway and Germany clearly dominated Denmark's imports of nitric acid and sulphonitric acids in value terms, jointly accounting for 98.1% of total flows. Other countries held much smaller shares.

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