Denmark: Prepared Mustard Market 2024

Prepared Mustard Market Size in Denmark

The Danish prepared mustard market stood at $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Prepared Mustard Production in Denmark

In value terms, prepared mustard production declined slightly to $X in 2021 estimated in export price. In general, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Prepared mustard production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from Denmark

In 2021, overseas shipments of prepared mustard were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a noticeable decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, prepared mustard exports surged to $X in 2021. Overall, exports, however, saw a perceptible setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of prepared mustard exports from Denmark, with a combined 62% share of total exports. Spain, Finland, Iceland, Faroe Islands and Belgium lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +13.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and the Netherlands ($X) were the largest markets for prepared mustard exported from Denmark worldwide, together comprising 61% of total exports.

Among the main countries of destination, Finland, with a CAGR of +7.6%, recorded the highest growth rate of 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

The average prepared mustard export price stood at $X per ton in 2021, picking up by 8.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. 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 Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Denmark

In 2021, the amount of prepared mustard imported into Denmark totaled X tons, with an increase of 9.2% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 43% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared mustard imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 51% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of prepared mustard to Denmark, with a 58% share of total imports. Moreover, prepared mustard imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.0% per year) and Poland (+63.7% per year).

In value terms, France ($X) constituted the largest supplier of prepared mustard to Denmark, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Sweden, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.7% per year) and Sweden (+4.0% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, growing by 6.2% against the previous year. Overall, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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