Sulphuric acid and oleum market in Denmark

Earlier Report Observations

From 2018 to 2020, the market volume for sulphuric acid and oleum in Denmark grew from 29 727 tons to 37 055 tons, accompanied by a rise in domestic production. This expansion was initially supported by the opening of the Ravn oil field in 2017, which bolstered oil-related chemical output. At the same time, the gradual shutdown and renovation of the Tyra field platforms from late 2018 onward began to affect oil production, setting the stage for later market adjustments.

Imports surged to 41 034 tons in 2021 before dropping to 32 323 tons in 2022. The decline coincided with Denmark's green tax reform for industry, which introduced CO2 charges for refineries, and with ongoing major renovation projects in the North Sea that constrained oil sector activity. Both factors reduced demand for sulphuric acid and oleum, which are closely tied to oil processing. New labelling requirements for chemical mixtures, effective from January 2022, added further regulatory pressure.

Imports continued to fall in 2023, reaching 29 453 tons, as amendments to the Chemicals Act came into force, tightening rules on the sale and use of industrial chemicals. By 2024 and 2025, imports stabilized and showed a slight recovery, rising to 30 509 tons and 32 767 tons respectively, suggesting the market was adapting to the new regulatory environment.

Production sulphuric acid and oleum in Denmark

In value, 2018-2021, K $ US

Denmark's sulphuric acid and oleum production has increased for the second consecutive year. In 2021, output was valued at 776.1 K $ US, marking a 9.8% year-on-year rise. The minimum value was recorded in 2019 at 670.4 K $ US, with the largest decline that year of 3.9%. Between 2018 and 2021, production grew by 11.3%, equating to an annualized rate of 3.6%.

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

In kind, 2018-2021, t

Denmark's sulphuric acid and oleum production has increased for the second consecutive year. In 2021, 3 777 tonnes were produced, representing a significant 21.4% increase compared to 2020. Over the period from 2018 to 2021, production rose by 41.3%, with a compound annual growth rate of 12.2%.

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

Exports sulphuric acid and oleum from Denmark

Exports in kind, t

In 2021, Denmark's sulphuric acid and oleum export volume totalled 1 177 tonnes, showing a strong decrease of 14.9% year-on-year. The minimum value was recorded in 2019 at 940 tonnes, with the largest decline that year of 29.8%. The maximum value was in 2020 at 1 383 tonnes, when exports saw the largest increase of 47.1%. Between 2018 and 2021, exports decreased by 12.1%, equating to an annualized rate of 4.2%.

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

From 2018 to 2021, Sweden was the dominant destination for Denmark's sulphuric acid and oleum exports in kind, accounting for 72.1% of total flows. The remaining share was distributed among several smaller markets.

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, K $ US

The data reveals irregular changes, indicating a volatile market environment. In 2021, exported sulphuric acid and oleum volumes from Denmark amounted to 3 288 K $ US, up by 771.8% compared with 2020. The minimum value was recorded in 2019 at 213 K $ US, with the largest decline that year of 45.0%. From the low in 2019 to the high in 2021, exports varied by 15-fold.

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

Throughout 2018 to 2021, Norway, Sweden, and Spain formed the core of Denmark's exports in value terms. Norway accounted for 37.5%, Sweden for 14.4%, and Spain for 7.7% of exports, together taking 59.6% of total flows.

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

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

Imports sulphuric acid and oleum to Denmark

Imports in kind, t

Denmark's sulphuric acid and oleum imports have increased for the third consecutive year. In 2021, imports totalled 41 034 tonnes, reflecting a robust gain of 18.4% year-on-year. Over the period from 2018 to 2021, imports grew by 44.5%, with a compound annual growth rate of 13.1%.

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

In 2018 to 2021, two leading markets—Germany and Sweden—together accounted for 84.7% of Denmark's total imports in kind. The remaining volume was dispersed across a wide range of other countries.

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, K $ US

Sulphuric acid and oleum deliveries to Denmark have increased for the third consecutive year. In 2021, imports stood at 17 052 K $ US, constituting a rise of 406.7% compared with 2020. Over the period from 2018 to 2021, imports increased by 564.1%, with a compound annual growth rate of 88.0%.

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

In 2018 to 2021, Germany remained the dominant direction for Denmark's imports in value terms, with a share of 72.6% of total flows. The remainder was fragmented across other markets.

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

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