Denmark: Caramel Market 2022

Caramel Market Size in Denmark

In 2020, the Danish caramel market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption, however, posted mild growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Caramel Production in Denmark

In value terms, caramel production surged to $X in 2020 estimated in export prices. In general, production recorded a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in years to come.

Caramel Exports

Exports from Denmark

In 2020, approx. X tons of caramel were exported from Denmark; rising by X% on the previous year's figure. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, caramel exports skyrocketed to $X in 2020. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Norway (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of caramel exports from Denmark, with a combined X% share of total exports. These countries were followed by Lithuania, the UK, South Africa and Ethiopia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Germany ($X) constituted the largest markets for caramel exported from Denmark worldwide, together accounting for X% of total exports. These countries were followed by Lithuania, South Africa, the UK and Ethiopia, which together accounted for a further X Africa (+X% per year) 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

The average caramel export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2019, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was South Africa ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa, while the prices for the other major destinations experienced mixed trend patterns.

Caramel Imports

Imports into Denmark

In 2020, the amount of caramel imported into Denmark skyrocketed to X tons, jumping by X% on 2019 figures. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports skyrocketed to $X in 2020. In general, imports enjoyed a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the UK (X tons) constituted the largest supplier of caramel to Denmark, accounting for a X% share of total imports. Moreover, caramel imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Germany (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of caramel to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average caramel import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, caramel import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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