Denmark: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Denmark

The Danish sauce and seasoning market expanded remarkably to $X in 2021, picking up by 6.6% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Sauce And Seasoning Production in Denmark

In value terms, sauce and seasoning production expanded to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.2% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Sauce And Seasoning Exports

Exports from Denmark

In 2021, approx. X tons of sauces and seasonings were exported from Denmark; with an increase of 5.5% compared with the previous year's figure. Overall, exports, however, showed a pronounced descent. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sauce and seasoning exports stood at $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of sauce and seasoning exports from Denmark, together comprising 56% of total exports. These countries were followed by Finland, Norway, Spain, Iceland, Greenland, Faroe Islands, Saudi Arabia, the UK and Russia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +84.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from Denmark were Germany ($X), Sweden ($X) and Norway ($X), with a combined 48% share of total exports. These countries were followed by Finland, the Netherlands, Iceland, Greenland, Faroe Islands, Spain, the UK, Saudi Arabia and Russia, which together accounted for a further 39%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +76.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, increasing by 7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($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 the UK (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Denmark

In 2021, imports of sauces and seasonings into Denmark amounted to X tons, with an increase of 3% compared with 2020. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 12% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, sauce and seasoning imports reached $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 9.5%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of sauce and seasoning imports to Denmark, together accounting for 58% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning suppliers to Denmark were Sweden ($X), Germany ($X) and the Netherlands ($X), with a combined 59% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +27.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2021, surging by 5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Finland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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