Denmark: Coconut Market 2024

Coconut Market Size in Denmark

The Danish coconut market dropped to $X in 2022, with a decrease of -11.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Coconut Exports

Exports from Denmark

In 2022, approx. X tons of coconuts were exported from Denmark; which is down by -21.3% compared with 2021. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 200% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, coconut exports reduced rapidly to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 461% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for coconut exports from Denmark, accounting for a 44% share of total exports. Moreover, coconut exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+65.5% per year) and Finland (+59.2% per year).

In value terms, Sweden ($X), Norway ($X) and Finland ($X) were the largest markets for coconut exported from Denmark worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Finland, with a CAGR of +65.4%, 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

In 2022, the average coconut export price amounted to $X per ton, which is down by -15% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 87%. The export price peaked at $X per ton in 2021, and then declined sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Iceland ($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 the Netherlands (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Denmark

Coconut imports into Denmark fell remarkably to X tons in 2022, reducing by -15.2% compared with the previous year's figure. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coconut imports declined to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest coconut supplier to Denmark, accounting for a 62% share of total imports. Moreover, coconut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.8% per year) and Sweden (+11.1% per year).

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) constituted the largest coconut suppliers to Denmark, with a combined 96% share of total imports.

Germany, with a CAGR of +15.2%, 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 coconut import price stood at $X per ton in 2022, with an increase of 5.7% against the previous year. Overall, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 34%. As a result, import price reached 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 Sweden ($X per ton), while the price for the Netherlands ($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 Netherlands (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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