Denmark: Lemon And Lime Market 2024

Lemon And Lime Market Size in Denmark

In 2022, after two years of growth, there was decline in the Danish lemon and lime market, when its value decreased by -3.5% to $X. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.7% against 2018 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted modestly in the following year.

Lemon And Lime Exports

Exports from Denmark

In 2022, approx. X tons of lemons and limes were exported from Denmark; which is down by -24.9% on the previous year's figure. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 90% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lemon and lime exports reduced markedly to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for lemon and lime exports from Denmark, accounting for a 72% share of total exports. Moreover, lemon and lime exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was held by Iceland (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+55.1% per year) and Iceland (+7.7% per year).

In value terms, Sweden ($X) remains the key foreign market for lemons and limes exports from Denmark, comprising 71% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Iceland, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+49.7% per year) and Iceland (+8.7% per year).

Export Prices by Country

The average lemon and lime export price stood at $X per ton in 2022, which is down by -8.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 an increase of 34%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Denmark

In 2022, the amount of lemons and limes imported into Denmark rose slightly to X tons, surging by 3.8% compared with 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lemon and lime imports dropped to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of lemon and lime imports to Denmark, together accounting for 76% of total imports. South Africa, Argentina, Chile and Italy lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +71.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lemon and lime suppliers to Denmark were Spain ($X), the Netherlands ($X) and Germany ($X), with a combined 81% share of total imports. South Africa, Italy, Argentina and Chile lagged somewhat behind, together comprising a further 16%.

South Africa, with a CAGR of +69.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lemon and lime import price stood at $X per ton in 2022, shrinking by -15.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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