Denmark: Biological Product Market 2024

Biological Product Market Size in Denmark

In 2022, the Danish biological product market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, saw a resilient expansion. Biological product consumption peaked in 2022 and is expected to retain growth in the near future.

Biological Product Production in Denmark

In value terms, biological product production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Biological Product Exports

Exports from Denmark

In 2022, after four years of growth, there was significant decline in shipments abroad of biological products, when their volume decreased by X% to X tons. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, biological product exports reduced sharply to $X in 2022. Overall, exports, however, saw pronounced growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for biological product exports from Denmark, with a X% share of total exports. Moreover, biological product exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X), the United States ($X) and Sweden ($X) were the largest markets for biological product exported from Denmark worldwide, with a combined X% share of total exports. Switzerland, Finland, the Czech Republic, Norway, Japan, Italy, China, France, Poland and Russia lagged somewhat behind, together accounting for a further X%.

Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average biological product export price amounted to $X,220 per ton, with an increase of X% against the previous year. Overall, the export price showed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X,661 per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Denmark

In 2022, the amount of biological products imported into Denmark contracted sharply to X tons, waning by X% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, biological product imports fell significantly to $X in 2022. Over the period under review, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

Germany (X tons), Ireland (X tons) and Switzerland (X tons) were the main suppliers of biological product imports to Denmark, together accounting for X% of total imports. The United States, the Netherlands, France, Poland, Spain, Belgium, South Korea, New Zealand, Slovenia and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest biological product suppliers to Denmark were Germany ($X), Belgium ($X) and Austria ($X), together comprising X% of total imports. The United States, the Netherlands, Switzerland, Slovenia, South Korea, Ireland, Poland, France, Spain and New Zealand lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a notable expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X,067 per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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