Denmark: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Denmark

The Danish starch manufacture residues market shrank to $X in 2022, with a decrease of -3.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Starch manufacture residues consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Starch Manufacture Residues Production in Denmark

In value terms, starch manufacture residues production declined significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 64%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Starch Manufacture Residues Exports

Exports from Denmark

After five years of growth, shipments abroad of residues of starch manufacture decreased by -61.3% to X tons in 2022. Overall, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2015 when exports increased by 234%. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, starch manufacture residues exports dropped sharply to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 140% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Germany (X tons), Sweden (X tons) and the Czech Republic (X tons) were the main destinations of starch manufacture residues exports from Denmark, with a combined 49% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +96.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch manufacture residues exported from Denmark were Germany ($X), Sweden ($X) and Poland ($X), together accounting for 42% of total exports. The Czech Republic, the United States, Italy, the UK, the Netherlands and Norway lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, the UK, with a CAGR of +93.3%, saw 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 starch manufacture residues export price stood at $X per ton in 2022, picking up by 39% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Denmark

In 2022, purchases abroad of residues of starch manufacture increased by 1.9% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports rose notably to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of starch manufacture residues to Denmark, accounting for a 57% share of total imports. Moreover, starch manufacture residues imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.3% per year) and Germany (-3.5% per year).

In value terms, the largest starch manufacture residues suppliers to Denmark were Sweden ($X), the Netherlands ($X) and Germany ($X), together accounting for 68% of total imports. Hungary, France, Belgium, Norway, Ukraine and the UK lagged somewhat behind, together comprising a further 25%.

Norway, with a CAGR of +363.1%, saw the highest growth rate of 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

The average starch manufacture residues import price stood at $X per ton in 2022, picking up by 3.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :