Denmark: Cherry Market 2024

Cherry Market Size in Denmark

In 2022, the Danish cherry market decreased by -6.2% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cherry Production in Denmark

In value terms, cherry production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 when the production volume increased by 229% against the previous year. Cherry production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average cherry yield in Denmark shrank modestly to X tons per ha, remaining constant against the previous year's figure. Over the period under review, the yield, however, posted a strong increase. The growth pace was the most rapid in 2013 with an increase of 104% against the previous year. The cherry yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry harvested area in Denmark stood at X ha in 2022, surging by 2.8% on the year before. Overall, the harvested area recorded a noticeable expansion. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 57% against the previous year. The cherry harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Cherry Exports

Exports from Denmark

In 2022, overseas shipments of cherries increased by 37% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 80% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cherry exports surged to $X in 2022. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 73%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for cherry exports from Denmark, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +3.8%.

In value terms, Sweden ($X) also remains the key foreign market for cherries exports from Denmark.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden was relatively modest.

Export Prices by Country

In 2022, the average cherry export price amounted to $X per ton, dropping by -14.5% against the previous year. In general, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -2.7% per year.

Cherry Imports

Imports into Denmark

In 2022, supplies from abroad of cherries was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cherry imports contracted slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of cherry imports to Denmark, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Spain ($X) constituted the largest cherry suppliers to Denmark, with a combined 81% share of total imports.

Spain, with a CAGR of +18.8%, recorded the highest growth rate of the value of imports, in terms of 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 cherry import price stood at $X per ton in 2022, declining by -22.1% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 5.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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