Denmark: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Denmark

After two years of growth, the Danish chocolate bar with filling market decreased by -3.8% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chocolate bar with filling consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Chocolate Bars With Fillings in Denmark

In value terms, chocolate bar with filling production declined slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 24%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Chocolate Bars With Fillings

Exports from Denmark

In 2021, approx. X tons of chocolate bars with fillings were exported from Denmark; picking up by 9.4% on 2020. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 10%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports surged to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Poland (X tons) and Norway (X tons) were the main destinations of chocolate bar with filling exports from Denmark, with a combined 56% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Germany ($X) appeared to be the largest markets for chocolate bar with filling exported from Denmark worldwide, together comprising 50% of total exports. These countries were followed by Poland, Italy, France, Iceland and Singapore, which together accounted for a further 25%.

Among the main countries of destination, Poland, with a CAGR of +57.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, rising by 9.7% against the previous year. Over the period under review, the export price showed mild growth. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Denmark

In 2021, the amount of chocolate bars with fillings imported into Denmark rose slightly to X tons, increasing by 4.4% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 11%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, chocolate bar with filling imports stood at $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 17% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest chocolate bar with filling supplier to Denmark, with a 48% share of total imports. Moreover, chocolate bar with filling imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.2% per year) and Poland (+36.6% per year).

In value terms, Germany ($X) constituted the largest supplier of chocolate bars with fillings to Denmark, comprising 49% of total imports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+7.1% per year) and the Netherlands (+13.9% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, increasing by 2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 7.8%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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