Urea and thiourea resins market in Denmark

Earlier Report Observations

From 2018 to 2020, the physical volume of the urea and thiourea resins market in Denmark grew from 34,689 t to 37,063 t, while its value declined from 15.7 million USD to 14.2 million USD. European market reports indicated generally stable consumption trends during this period.

The market value then rebounded sharply to 20.4 million USD in 2021, aligning with a reported surge in production and imports across Europe that year. This growth continued into 2022, reaching 23.4 million USD, before a contraction to 16.6 million USD in 2023 and 12.5 million USD in 2024, coinciding with a noted slight decline in European market value.

Production urea and thiourea resins in Denmark

In value, 2018-2021, K $ US

Denmark's production of urea and thiourea resins rebounded in 2021 after two years of decline. The output was valued at 15 016 thousand US dollars, marking a significant year-over-year increase of 63.3%. Looking at the period from 2018 to 2021, production grew by 39.9%, with an average annual growth rate of 11.8%. The lowest point occurred in 2020, when production dropped to 9 195 thousand US dollars. The sharpest decline was recorded in 2019, with a decrease of 9.2%.

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

In kind, 2018-2021, t

In 2021, Denmark produced 33 969 tonnes of urea and thiourea resins, showing a modest increase of 5.9% compared to the previous year. The lowest production volume was in 2019, at 32 064 tonnes, while the highest was in 2020, at 33 969 tonnes. The largest decline occurred in 2019, with a drop of 3.9%, and the biggest increase was in 2020, with a rise of 5.9%.

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

Exports urea and thiourea resins from Denmark

Exports in kind, t

The market exhibited volatility during the observed period. Export volumes reached their peak in 2018 and hit their lowest point in 2019, with a sixfold difference between these years. In 2021, Denmark exported 2 424 tonnes of urea and thiourea resins, representing a substantial year-over-year gain of 234.0%. The minimum export volume was recorded in 2019, at 446 tonnes, with the largest decline that year at 83.4%.

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

From 2018 to 2021, the main destinations for Denmark's exports of urea and thiourea resins in kind were Germany, accounting for 44.4% of exports, Poland with 32.6%, and Ukraine with 14.0%. Together, these three countries made up 91.0% of total export flows.

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 shows irregular changes, pointing to a volatile market environment. Exports peaked in 2021 and bottomed out in 2019, with a 4.2-fold difference between these years. In 2021, Denmark's exports of urea and thiourea resins totaled 2 143 thousand US dollars, indicating a sharp uptick of 218.8% compared to the previous year. The minimum value was recorded in 2019, at 506 thousand US dollars, with the largest decline that year at 58.5%.

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

From 2018 to 2021, the primary destinations for Denmark's exports of urea and thiourea resins in value terms were Poland, with 34.7% of exports, Germany at 27.4%, and Ukraine at 18.4%. Combined, these three countries accounted for 80.5% of total export 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 urea and thiourea resins to Denmark

Imports in kind, t

Denmark's imports of urea and thiourea resins increased for the second consecutive year in 2021. Imports reached 4 624 tonnes, reflecting a solid rise of 21.0% compared to 2020. Between 2018 and 2021, imports grew by 15.4%, equating to an annualized rate of 4.9%. The minimum import volume was recorded in 2019, at 3 730 tonnes, with the largest decline that year at 6.9%.

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

From 2018 to 2021, the main sources for Denmark's imports of urea and thiourea resins in kind were Sweden, accounting for 55.2% of imports, Germany with 18.5%, and Turkey with 17.0%. Together, these three countries represented 90.6% of total import 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, K $ US

Denmark's imports of urea and thiourea resins increased for the second year in a row in 2021. Imports totaled 7 541 thousand US dollars, showing a dramatic improvement of 33.7% compared to the previous year. Over the period from 2018 to 2021, imports rose by 22.5%, with an average annual growth rate of 7.0%. The minimum value was recorded in 2019, at 5 465 thousand US dollars, with the largest decline that year at 11.2%.

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

From 2018 to 2021, Sweden continued to lead as the top supplier of urea and thiourea resins to Denmark in value terms, accounting for 63.1% of imports. Turkey followed with 15.3%, and Germany with 12.0%. Collectively, these three countries accounted for 90.3% of total imports in value terms.

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

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