Denmark: Caramel Market 2024

Caramel Market Size in Denmark

The Danish caramel market contracted markedly to $X in 2022, reducing by X% against the previous year. In general, consumption saw noticeable growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Caramel Production in Denmark

In value terms, caramel production reduced rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Caramel production peaked at $X in 2021, and then declined remarkably in the following year.

Caramel Exports

Exports from Denmark

For the third consecutive year, Denmark recorded growth in shipments abroad of caramel, which increased by X% to X tons in 2022. In general, exports showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, caramel exports soared to $X in 2022. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Lithuania (X tons) and Norway (X tons) were the main destinations of caramel exports from Denmark, with a combined X% share of total exports. Sweden, Colombia, Iceland, South Africa, the UK and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Germany ($X) and Sweden ($X) appeared to be the largest markets for caramel exported from Denmark worldwide, with a combined X% share of total exports.

Colombia, with a CAGR of X%, saw the highest growth rate of 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 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Germany ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Denmark

In 2022, caramel imports into Denmark expanded notably to X tons, growing by X% against 2021 figures. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, caramel imports dropped to $X in 2022. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of caramel to Denmark, with a X% share of total imports. Moreover, caramel imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Sweden ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest caramel suppliers to Denmark, together accounting for X% of total imports. The UK, France, Germany and Austria lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded 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 caramel import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, caramel import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform