Denmark: Frozen Potato Market 2024

Frozen Potato Market Size in Denmark

The Danish frozen potato market surged to $X in 2021, picking up by 23% against the previous year. In general, consumption recorded a relatively flat trend pattern. Frozen potato consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Frozen Potato Production in Denmark

In value terms, frozen potato production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Frozen Potato Exports

Exports from Denmark

In 2021, exports of frozen potatoes from Denmark dropped to X tons, reducing by -1.5% compared with the year before. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen potato exports declined to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for frozen potato exports from Denmark, with a 54% share of total exports. Moreover, frozen potato exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), fivefold. Iceland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+3.5% per year) and Iceland (+32.8% per year).

In value terms, Germany ($X) remains the key foreign market for frozen potatoes exports from Denmark, comprising 54% of total exports. The second position in the ranking was taken by Sweden ($X), with an 11% share of total exports. It was followed by Malaysia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.3% per year) and Malaysia (+25.0% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, reducing by -6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2013 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Faroe Islands ($X per ton), while the average price for exports to Iceland ($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 Belgium (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Denmark

In 2021, frozen potato imports into Denmark expanded notably to X tons, with an increase of 11% compared with 2020 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of frozen potato imports to Denmark, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +3.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes to Denmark, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.8% per year) and Belgium (+3.5% per year).

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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