Market research

Oxygen 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 oxygen market in Denmark, measured in value, remained stable between $21.5 million in 2018 and $20.4 million in 2020. Production relied on air separation plants supplying key industrial sectors like metalworking and construction, forming the market's foundation.

Market value then grew to $22.3 million in 2021 and surged sharply to $30.8 million in 2022. This increase aligned with industrial reports emphasizing the need for precise automation components for oxygen use, as its high reactivity in processes likely drove new investments and demand in industrial applications.

Following the peak, the market value declined to $27.9 million in 2023 and $25.4 million in 2024. This contraction occurred alongside broader inflationary pressures and geopolitical uncertainty, which affected overall industrial demand and spending patterns.

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, K m³
  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, K m³
  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, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, K m³
    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/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/K m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Denmark in kind, 2018-2025, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Denmark by countries, 2018-2025, K m³
    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/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/K m³
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, K m³
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, K m³
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2025
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production oxygen in Denmark

In value, 2018-2021, K $ US

In 2019, Denmark's oxygen output reached its peak value of 20,422 thousand US dollars. This was followed by a decline of 6.7% in 2020, bringing the value down to 19,047 thousand US dollars. In 2021, production recovered with a modest increase of 6.6%, reaching 20,302 thousand US dollars.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.1%	(6.7%)	6.6%	(0.2%)

Source: SHEV.io

In kind, 2018-2021, K m³

Oxygen production in Denmark peaked in 2019 at 63,898 thousand cubic meters. The following year saw a significant drop of 8.0%, with output falling to 58,773 thousand cubic meters in 2020. In 2021, production remained at this level, marking an 8.0% decrease from 2020. Over the entire 2018-2021 period, production declined by 3.8%, which translates to an average annual decrease of 1.3%. The largest increase during this timeframe occurred in 2019, when production rose by 4.6%.

Annual dynamics of production in Denmark in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	4.6%	(8.0%)	n/a	-

Source: SHEV.io

Exports oxygen from Denmark

Market analysis indicates that Denmark did not export any oxygen between 2018 and 2021.

Imports oxygen to Denmark

Imports in kind, K m³

Denmark's oxygen imports reached their highest point in 2020, increasing by 1.3% from the previous year. However, in 2021, imports experienced a substantial decline of 20.8%, dropping to 5,822 thousand cubic meters. Overall, from 2018 to 2021, import volumes decreased by 34.3%, representing an average annual reduction of 13.1%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(18.2%)	1.3%	(20.8%)	(13.1%)

Source: SHEV.io

Between 2018 and 2021, Sweden dominated Denmark's oxygen imports, accounting for 90.0% of the total volume.

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

Oxygen imports to Denmark saw their lowest value in 2019 at 795 thousand US dollars, following a 27.3% decline that year. In 2020, imports rebounded sharply with a 67.4% increase. This upward trend continued into 2021, marking the second consecutive year of growth, with imports rising by 50.6% to reach 2,004 thousand US dollars. Over the 2018-2021 period, import values grew by 83.4%, averaging an annual increase of 22.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(27.3%)	67.4%	50.6%	22.4%

Source: SHEV.io

From 2018 to 2021, Sweden was the primary source of Denmark's oxygen imports in value terms, capturing 89.9% of the market. The remaining imports came from a variety of smaller markets.

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