Denmark: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Denmark

The Danish non-wheat groats market skyrocketed to $X in 2021, with an increase of 36% against the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. Non-wheat groats consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Wheat Groats Production in Denmark

In value terms, non-wheat groats production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 102%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Non-Wheat Groats Exports

Exports from Denmark

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were exported from Denmark; rising by 28% against the year before. Overall, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 119%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat groats exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for non-wheat groats exports from Denmark, with a 83% share of total exports. Moreover, non-wheat groats exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was taken by Faroe Islands (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+53.0% per year) and Faroe Islands (-5.6% per year).

In value terms, Germany ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Denmark, comprising 80% of total exports. The second position in the ranking was taken by Faroe Islands ($X), with a 5.6% share of total exports. It was followed by Sweden, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (-1.4% per year) and Sweden (-0.7% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, which is down by -3.5% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats export price decreased by -3.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to Poland ($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 Sweden (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Denmark

After two years of decline, overseas purchases of groats and meal of cereals (excluding wheat) increased by 18% to X tons in 2021. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by 53%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-wheat groats imports soared to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest non-wheat groats supplier to Denmark, accounting for a 79% share of total imports. Moreover, non-wheat groats imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Latvia (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.4% per year) and Latvia (+185.5% per year).

In value terms, Germany ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Denmark, comprising 69% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Latvia, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-10.6% per year) and Latvia (+212.7% per year).

Import Prices by Country

In 2021, the average non-wheat groats import price amounted to $X per ton, with an increase of 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached 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 Latvia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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