Denmark: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Denmark

The Danish non-wheat cereal pellets market dropped sharply to $X in 2021, falling by -91.6% against the previous year. In general, consumption recorded a precipitous contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Wheat Cereal Pellets Production in Denmark

In value terms, non-wheat cereal pellets production rose remarkably to $X in 2021 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 382%. Non-wheat cereal pellets production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Wheat Cereal Pellets Exports

Exports from Denmark

In 2021, approx. X tons of cereal pellets (excluding wheat) were exported from Denmark; growing by 2,823% on the previous year. In general, exports, however, continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 50,679% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-wheat cereal pellets exports soared to $X in 2021. Overall, exports, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2019 with an increase of 39,696% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iceland (X tons) was the main destination for non-wheat cereal pellets exports from Denmark, with a 100% share of total exports. It was followed by Norway (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iceland amounted to +37.6%.

From 2012 to 2021, the average annual growth rate of value to Iceland totaled +21.2%.

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, dropping by -90.2% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 387% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Iceland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+23.9%), while the prices for the other major destinations experienced a decline.

Non-Wheat Cereal Pellets Imports

Imports into Denmark

In 2021, after two years of growth, there was significant decline in overseas purchases of cereal pellets (excluding wheat), when their volume decreased by -40.4% to X tons. In general, imports faced a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets imports shrank dramatically to $X in 2021. Over the period under review, imports recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest non-wheat cereal pellets supplier to Denmark, with a 78% share of total imports. Moreover, non-wheat cereal pellets imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-45.3% per year) and the Netherlands (-3.1% per year).

In value terms, Poland ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Denmark, comprising 85% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.8% share of total imports. It was followed by Germany, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.5% per year) and Germany (-48.6% per year).

Import Prices by Country

The average non-wheat cereal pellets import price stood at $X per ton in 2021, dropping by -30.3% against the previous year. Over the period under review, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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