Denmark: Coffee Extract Market 2024

Coffee Extract Market Size in Denmark

The Danish coffee extract market declined notably to $X in 2021, which is down by -61.5% against the previous year. Overall, consumption recorded a pronounced curtailment. Coffee extract consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Coffee Extract Production in Denmark

In value terms, coffee extract production contracted rapidly to $X in 2021 estimated in export price. Overall, production recorded a sharp descent. The growth pace was the most rapid in 2018 when the production volume increased by 22%. Coffee extract production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Coffee Extract Exports

Exports from Denmark

Coffee extract exports from Denmark skyrocketed to X tons in 2021, growing by 51% compared with the previous year's figure. Over the period under review, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.6% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract exports surged to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Norway (X tons) and the Netherlands (X tons) were the main destinations of coffee extract exports from Denmark, together comprising 58% of total exports. Germany, Lithuania, France, Austria and the UK lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +403.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and France ($X) appeared to be the largest markets for coffee extract exported from Denmark worldwide, with a combined 58% share of total exports.

France, with a CAGR of +433.3%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average coffee extract export price amounted to $X per ton, declining by -2.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 52%. The export price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 France (+68.2%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Extract Imports

Imports into Denmark

Coffee extract imports into Denmark skyrocketed to X tons in 2021, picking up by 28% compared with the previous year. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract imports expanded remarkably to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 15%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of coffee extract to Denmark, with a 39% share of total imports. Moreover, coffee extract imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Hungary (+22.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Denmark, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Sweden, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.8% per year) and Sweden (+0.0% per year).

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, which is down by -13.9% against the previous year. Over the period under review, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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