Denmark: Hazelnut Market 2024

Hazelnut Market Size in Denmark

The Danish hazelnut market soared to $X in 2021, picking up by 62% against the previous year. In general, consumption, however, saw a perceptible slump. Hazelnut consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Hazelnut Production in Denmark

In value terms, hazelnut production totaled $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 53%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Hazelnut Exports

Exports from Denmark

In 2021, shipments abroad of hazelnuts decreased by -9.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 126%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hazelnut exports fell to $X in 2021. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 226% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Greenland (X tons) was the main destination for hazelnut exports from Denmark, accounting for a 53% share of total exports. Moreover, hazelnut exports to Greenland exceeded the volume sent to the second major destination, Faroe Islands (X kg), twofold. Iceland (X kg) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greenland totaled -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (-11.1% per year) and Iceland (+57.6% per year).

In value terms, Greenland ($X), Faroe Islands ($X) and Norway ($X) constituted the largest markets for hazelnut exported from Denmark worldwide, with a combined 83% share of total exports. Iceland, Germany and Sweden lagged somewhat behind, together comprising a further 17%.

Iceland, with a CAGR of +57.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hazelnut export price stood at $X per ton in 2021, declining by -4.6% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Denmark

In 2021, the amount of hazelnuts imported into Denmark surged to X tons, jumping by 37% compared with the previous year's figure. In general, imports, however, recorded a abrupt slump. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, hazelnut imports soared to $X in 2021. Overall, imports, however, showed a noticeable curtailment. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of hazelnut imports to Denmark, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +31.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), France ($X) and Italy ($X) appeared to be the largest hazelnut suppliers to Denmark, together accounting for 85% of total imports.

Among the main suppliers, Sweden, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2021, surging by 27% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hazelnut import price increased by +32.0% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for France ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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