NPK fertilizers market in Denmark

Earlier Report Observations

Between 2018 and 2021, the NPK fertilizers market in Denmark saw its value increase from 54.4 million USD to 74.6 million USD. This growth was primarily driven by high global natural gas prices, which raised production costs for nitrogen-based fertilizers and pushed market prices upward. The COVID-19 pandemic in 2020 further disrupted global supply chains, affecting availability and contributing to higher costs. During this period, major suppliers like DLG and Yara introduced specialized NPK formulations tailored to local crops, aligning with a growing focus on efficient nutrient use.

In 2022, the market value peaked at 96.8 million USD. This surge coincided with new environmental regulations for fertilizer use, emphasizing sustainable practices, and a widespread supply crisis that made early purchasing essential for farmers. The rules promoted soil incorporation of NPK fertilizers to improve nutrient efficiency, particularly in organic farming, while companies like Yara tested new formulations in national trials.

Following the 2022 peak, the market contracted to 73.3 million USD in 2023 before rebounding to 112.1 million USD in 2024. Import volumes mirrored this volatility, falling to 171 thousand tonnes in 2023 then rising to 231 thousand tonnes in 2024. By 2025, import values reached 113.2 million USD, indicating sustained demand.

Production NPK fertilizers in Denmark

In value, 2018-2021, K $ US

After two years of decline, NPK fertilizer production in Denmark rebounded. In 2021, output reached 4 828 thousand US dollars, marking a significant 40.1% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 29.1%, which translates to an annualized growth rate of 8.9%. The lowest value was recorded in 2020 at 3 447 thousand US dollars, while the largest decline occurred in 2019 with a drop of 5.6%.

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

In kind, 2018-2021, t

In 2021, Denmark produced 5 791 tonnes of NPK fertilizers, representing an 18.7% year-over-year increase. From 2018 to 2021, production rose by 13.6%, with a compound annual growth rate of 4.3%. The minimum output was in 2019 at 4 881 tonnes, while the maximum was in 2020 at 5 791 tonnes. The largest decline was recorded in 2019 with a 4.3% decrease, and the largest increase occurred in 2020 with an 18.7% rise.

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

Exports NPK fertilizers from Denmark

Exports in kind, K t

Following two years of growth, NPK fertilizer exports from Denmark experienced a decline. In 2021, exports totaled 83.4 thousand tonnes, showing a sharp 28.9% decrease compared to the previous year. Over the 2018-2021 period, exports fell by 11.7%, with a compound annual growth rate of -4.1%. The highest export volume was in 2020 at 117.3 thousand tonnes, and the largest increase was also in 2020 with a 17.9% rise.

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

Between 2018 and 2021, the structure of NPK fertilizer exports in kind was characterized by Sweden's dominance, accounting for 79.2% of total flows, alongside numerous smaller trading partners.

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

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

Exports in value, M $ US

NPK fertilizer exports from Denmark continued to grow for the second consecutive year. In 2021, exports amounted to 38.4 million US dollars, up by 19.4% compared to the previous year. From 2018 to 2021, exports increased by 32.1%, with a compound annual growth rate of 9.7%. The lowest value was recorded in 2019 at 28.3 million US dollars, and the largest decline occurred that same year with a 2.6% drop.

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

From 2018 to 2021, Sweden played a leading role in the value of NPK fertilizer exports from Denmark, holding a 75.4% share of total flows, while the remainder was distributed among other partners.

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

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

Imports NPK fertilizers to Denmark

Imports in kind, K t

In 2021, Denmark's NPK fertilizer imports reached 257.5 thousand tonnes, reflecting a substantial 15.7% decrease compared to the previous year. Over the 2018-2021 period, imports declined by 2.4%, with a compound annual growth rate of -0.8%. The highest import volume was in 2020 at 305.5 thousand tonnes, and the largest increase occurred that year with a 16.8% rise.

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

Between 2018 and 2021, Finland, Russia, and Poland were the top contributors to NPK fertilizer imports in kind for Denmark. Finland accounted for 48.2%, Russia for 29.5%, and Poland for 7.7% of imports, collectively making up 85.4% of total flows.

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

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

Imports in value, M $ US

Denmark's NPK fertilizer imports grew for the third year in a row. In 2021, imports registered 108.2 million US dollars, up by 26.9% compared to the previous year. From 2018 to 2021, imports increased by 35.6%, with a compound annual growth rate of 10.7%.

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

From 2018 to 2021, Finland, Russia, and Poland remained the primary suppliers of NPK fertilizers to Denmark in value terms. Finland held a 44.8% share, Russia 25.8%, and Poland 8.0%, jointly accounting for 78.6% of total import value.

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

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