Market research

Rare gases market in Denmark, 2026

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

From 2018 to 2022, the rare gases market in Denmark expanded from $25.3 million to $38.9 million, despite political efforts to phase out gas for residential heating which reduced overall gas consumption. The growth was primarily driven by global factors, including the COVID-19 pandemic's impact on energy markets in 2020 and the sharp surge in gas prices in 2022 due to the war in Ukraine and supply constraints, which elevated the market value of rare gases.

After peaking in 2022, the market size stabilized at $39.1 million in 2023 and then contracted to $32.5 million in 2024, reflecting a shift in market dynamics without significant new production facilities or major entrants specifically for rare gases.

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 value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. 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/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/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/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Denmark, 2018-2025, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Denmark by countries, 2018-2025, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, K m³
    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/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Denmark in kind, 2018-2025, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Denmark by countries, 2018-2025, K m³
    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/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Denmark, 2018-2025, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Denmark by countries, 2018-2025, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  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 rare gases in Denmark

In value, 2018-2021, K $ US

Denmark's rare gases production has grown for the third consecutive year. In 2021, output was valued at 27 142 K $ US, marking an 11.2% increase compared to 2020. Between 2018 and 2021, production rose by 23.8%, which translates to an average annual growth rate of 7.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.9%	9.2%	11.2%	7.4%

Source: SHEV.io

In kind, 2018-2021, K m³

Rare gases production in Denmark has increased for the second year in a row. In 2021, Denmark produced 5 250 K m³ of rare gases, which is 6.3% higher than in 2020. From 2018 to 2021, production grew by 15.1%, averaging a 4.8% annual increase.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	8.2%	6.3%	n/a	-

Source: SHEV.io

Exports rare gases from Denmark

Exports in kind, K m³

The data shows irregular changes, reflecting a volatile market environment. Exports reached their lowest point in 2020 at 563 K m³ and peaked in 2021 at 2 004 K m³, representing a 3.6-fold increase. In 2021, rare gases volumes leaving Denmark were 255.9% higher than in 2020. The largest decline occurred in 2019, with a drop of 52.2%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(52.2%)	(27.0%)	255.9%	7.5%

Source: SHEV.io

From 2018 to 2021, Sweden was the leading destination for Denmark's rare gases exports in volume terms, accounting for 87.0% of total flows, while the remainder was distributed among other partners.

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 decline, rare gases exports from Denmark have rebounded. In 2021, Denmark exported 5 130 K $ US of rare gases, up by 38.4% compared to 2020. The lowest value was recorded in 2020 at 3 707 K $ US, which also saw the largest decline of 15.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(13.2%)	(15.5%)	38.4%	0.5%

Source: SHEV.io

Between 2018 and 2021, Sweden was the principal market for Denmark's rare gases in value terms, making up 70.7% of total exports, with other destinations contributing smaller shares.

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 rare gases to Denmark

Imports in kind, K m³

The data indicates irregular changes, pointing to a volatile market environment. Imports hit their lowest level in 2019 at 5 122 K m³ and peaked in 2020 at 12 265 K m³, showing a 2.4-fold fluctuation. In 2021, Denmark imported 8 540 K m³ of rare gases, down by 30.4% year-over-year. The largest increase was recorded in 2020, with a jump of 139.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(28.8%)	139.4%	(30.4%)	5.9%

Source: SHEV.io

Throughout 2018–2021, Germany and Sweden dominated Denmark's rare gases imports in volume terms, jointly accounting for 84.3% of total flows, while other countries held much smaller shares.

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 rare gases volumes in Denmark have increased for the second consecutive year. In 2021, import volume amounted to 11 340 K $ US, representing a gain of 30.7% compared to the previous year. Over the period 2018-2021, imports grew by 34%, with a compound annual growth rate of 10.2%. The minimum value was recorded in 2019 at 8 080 K $ US, which also saw the largest decline of 4.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.5%)	7.4%	30.7%	10.2%

Source: SHEV.io

From 2018 to 2021, the three largest markets—Qatar, Germany, and Belgium—were central to Denmark's rare gases imports in value terms, together accounting for 75.6% of total flows.

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