Denmark: Canned Food Market 2024

Canned Food Market Size in Denmark

In 2021, the Danish canned food market decreased by -14.1% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Canned Food Production in Denmark

In value terms, canned food production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 43%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Canned Food Exports

Exports from Denmark

In 2021, the amount of canned food exported from Denmark expanded modestly to X tons, with an increase of 2.8% against the year before. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 7.4%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, canned food exports fell to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 14%. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted in the following year.

Exports by Country

Sweden (X tons), Germany (X tons) and the UK (X tons) were the main destinations of canned food exports from Denmark, with a combined 50% share of total exports. These countries were followed by China, the Netherlands, the United States, Panama, Japan, Finland, Spain, Russia and Norway, which together accounted for a further 29%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and the UK ($X) constituted the largest markets for canned food exported from Denmark worldwide, together comprising 45% of total exports. These countries were followed by Germany, the Netherlands, the United States, Panama, Spain, Japan, Russia, Finland and Norway, which together accounted for a further 32%.

The Netherlands, with a CAGR of +34.4%, 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 2020, the average canned food export price amounted to $X per ton, increasing by 3.8% against the previous year. Over the period under review, the export price showed modest growth. The growth pace was the most rapid in 2017 an increase of 8%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2020.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Denmark

In 2021, overseas purchases of canned food decreased by -11.4% to X tons, falling for the third consecutive year after seven years of growth. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, canned food imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of canned food to Denmark, accounting for a 35% share of total imports. Moreover, canned food imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2020, the average annual growth rate of volume from Germany amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.5% per year) and the Netherlands (+4.1% per year).

In value terms, Germany ($X) constituted the largest supplier of canned food to Denmark, comprising 37% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2020, the average annual growth rate of value from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.3% per year) and Sweden (+4.7% per year).

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, growing by 7.8% against the previous year. Overall, the import price, however, saw a slight contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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