Denmark: Rice Market 2025

Rice Market Size in Denmark

The Danish rice market amounted to $X in 2021, increasing by 8.1% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Rice Production in Denmark

In value terms, rice production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a prominent expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The average yield of rice in Denmark stood at less than X kg per ha in 2021, approximately mirroring the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of rice production in Denmark stood at less than X ha, stabilizing at the year before. In general, the harvested area showed a relatively flat trend pattern.

Rice Exports

Exports from Denmark

In 2021, overseas shipments of rice decreased by -10.1% to X tons, falling for the second year in a row after two years of growth. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, rice exports reduced to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for rice exports from Denmark, accounting for a 55% share of total exports. Moreover, rice exports to Sweden exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Greenland (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+54.4% per year) and Greenland (+0.3% per year).

In value terms, Sweden ($X) remains the key foreign market for rice exports from Denmark, comprising 56% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Greenland, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+58.4% per year) and Greenland (+0.9% per year).

Export Prices by Country

The average rice export price stood at $X per ton in 2021, with an increase of 3.7% against the previous year. Overall, the export price, however, showed a slight reduction. The growth pace was the most rapid in 2017 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Belgium ($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 Iceland (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Denmark

In 2021, purchases abroad of rice increased by 1.5% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 10%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, rice imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.9%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of rice imports to Denmark, together comprising 57% of total imports. These countries were followed by Belgium, Pakistan, Cambodia, the Netherlands, Thailand and Spain, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rice suppliers to Denmark were Italy ($X), Germany ($X) and Poland ($X), together comprising 55% of total imports. Belgium, Pakistan, Cambodia, the Netherlands, Thailand and Spain lagged somewhat behind, together accounting for a further 37%.

Cambodia, with a CAGR of +30.2%, saw the highest growth rate of the value of imports, in terms of 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 rice import price stood at $X per ton in 2021, with an increase of 5.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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