Denmark: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Denmark

The Danish market for peel of citrus fruit or melons expanded remarkably to $X in 2021, growing by 10% against the previous year. The market value 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. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Peel Of Citrus Fruit Or Melons in Denmark

In value terms, citrus fruit or melons peel production contracted to $X in 2021 estimated in export price. In general, production showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 959% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Denmark

In 2021, shipments abroad of peel of citrus fruit or melons increased by 154% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of 437% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports surged to $X in 2021. Overall, exports, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2018 with an increase of 261% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for citrus fruit or melons peel exports from Denmark, accounting for a 87% share of total exports. Moreover, citrus fruit or melons peel exports to Norway exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold. Romania (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled -32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-24.1% per year) and Romania (-1.3% per year).

In value terms, Norway ($X) emerged as the key foreign market for peel of citrus fruit or melons exports from Denmark, comprising 73% of total exports. The second position in the ranking was held by Faroe Islands ($X), with a 9% share of total exports. It was followed by Sweden, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to -21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+18.3% per year) and Sweden (-23.0% per year).

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, with a decrease of -8.1% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 258%. The export price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Faroe Islands ($X per ton), while the average price for exports to Sweden ($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 Romania (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Denmark

After two years of decline, overseas purchases of peel of citrus fruit or melons increased by 70% to X tons in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports surged to $X in 2021. Overall, imports enjoyed prominent growth. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of citrus fruit or melons peel imports to Denmark, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +140.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) constituted the largest citrus fruit or melons peel suppliers to Denmark, together accounting for 86% of total imports.

Spain, with a CAGR of +153.0%, recorded 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

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, rising by 42% against the previous year. Over the period under review, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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