Denmark: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Denmark

The Danish market for protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021, jumping by 202% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Denmark

In value terms, production of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021 estimated in export price. Overall, production recorded resilient growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Denmark

In 2021, after three years of growth, there was significant decline in shipments abroad of protein concentrates and flavoured or coloured sugar syrups, when their volume decreased by -17% to X tons. Overall, total exports indicated a tangible increase from 2014 to 2021: its volume increased at an average annual rate of +4.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 40%. The exports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 132% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Switzerland (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Denmark, together comprising 51% of total exports.

From 2014 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +239.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Switzerland ($X) and Germany ($X) were the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Denmark worldwide, with a combined 50% share of total exports.

Switzerland, with a CAGR of +182.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, surging by 41% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Denmark

In 2021, overseas purchases of protein concentrates and flavoured or coloured sugar syrups increased by 100% to X tons, rising for the second year in a row after three years of decline. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 166% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Over the period under review, imports showed temperate growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Norway (X tons) and the Netherlands (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Denmark, with a combined 63% share of total imports. Sweden, Serbia, the Czech Republic, Finland, China, the UK and the United States lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +188.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) appeared to be the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Denmark, with a combined 67% share of total imports. These countries were followed by Norway, the Czech Republic, Serbia, the UK, Finland, the United States and China, which together accounted for a further 25%.

Among the main suppliers, Finland, with a CAGR of +136.3%, 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 import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, dropping by -8.5% against the previous year. In general, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2018 an increase of 28%. 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 ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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