Denmark: Preserved Asparagus Market 2024

Preserved Asparagus Market Size in Denmark

The Danish preserved asparagus market surged to $X in 2022, increasing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Preserved asparagus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Preserved Asparagus Exports

Exports from Denmark

In 2022, approx. X tons of preserved asparagus were exported from Denmark; waning by -17.2% on 2021. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 101% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved asparagus exports dropped to $X in 2022. Over the period under review, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2014 when exports increased by 152% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iceland (X tons), Faroe Islands (X tons) and Greenland (X tons) were the main destinations of preserved asparagus exports from Denmark, together accounting for 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of +3.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved asparagus exported from Denmark were Iceland ($X), Faroe Islands ($X) and Greenland ($X), with a combined 90% share of total exports.

Among the main countries of destination, Iceland, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved asparagus export price stood at $X per ton in 2022, increasing by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and Greenland ($X per ton), while the average price for exports to Faroe Islands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Asparagus Imports

Imports into Denmark

In 2022, overseas purchases of preserved asparagus increased by 13% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 16% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved asparagus imports soared to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Peru (X tons) were the main suppliers of preserved asparagus imports to Denmark, together comprising 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +4.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of preserved asparagus to Denmark, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and Peru (-14.2% per year).

Import Prices by Country

The average preserved asparagus import price stood at $X per ton in 2022, increasing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 16% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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