Denmark: Oil Crops Market 2024

Oil Crops Market Size in Denmark

The Danish oil crops market declined significantly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Oil Crops Production in Denmark

In value terms, oil crops production fell to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Oil crops production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of oil crops (primary) in Denmark declined slightly to X tons per ha in 2022, with a decrease of X% compared with the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The oil crops yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area in Denmark dropped to X ha in 2022, with a decrease of X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. The oil crops harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Oil Crops Exports

Exports from Denmark

In 2022, approx. X tons of oil crops (primary) were exported from Denmark; surging by X% on 2021. In general, exports recorded a notable increase. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, oil crops exports soared to $X in 2022. Over the period under review, exports posted measured growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for oil crops exports from Denmark, accounting for a X% share of total exports. Moreover, oil crops exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) remains the key foreign market for oil crops (primary) exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then declined modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Denmark

In 2022, approx. X tons of oil crops (primary) were imported into Denmark; declining by X% compared with the previous year's figure. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oil crops imports contracted to $X in 2022. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Germany (X tons) and Luxembourg (X tons) were the main suppliers of oil crops imports to Denmark, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil crops suppliers to Denmark were Lithuania ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Bulgaria, the Netherlands, Luxembourg, Sweden, Poland, Belgium, Slovenia, Latvia, Italy and Slovakia lagged somewhat behind, together comprising a further X%.

Luxembourg, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 oil crops import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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