Denmark: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Denmark

After two years of growth, the Danish rusks and toasted bread market decreased by -17.7% to $X in 2021. Over the period under review, consumption saw a noticeable curtailment. Rusks and toasted bread consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Rusks, Toasted Bread and Similar Toasted Products in Denmark

In value terms, rusks and toasted bread production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. Rusks and toasted bread production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Denmark

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -55.3% to X tons, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2014 when exports increased by 46%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rusks and toasted bread exports fell dramatically to $X in 2021. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of 42% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons), Sweden (X tons) and Greenland (X tons) were the main destinations of rusks and toasted bread exports from Denmark, together comprising 68% of total exports. Iceland, Faroe Islands, Germany, Russia, Poland and Libya lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +69.8%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Denmark, comprising 36% of total exports. The second position in the ranking was held by Greenland ($X), with a 17% share of total exports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+0.7% per year) and Sweden (-5.6% per year).

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, surging by 31% against the previous year. Overall, the export price, however, recorded a pronounced setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Russia ($X per ton), while the average price for exports to Poland ($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 Russia (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Denmark

In 2021, purchases abroad of rusks, toasted bread and similar toasted products decreased by -1.9% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2016 when imports increased by 50%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, rusks and toasted bread imports rose rapidly to $X in 2021. Overall, imports showed a mild downturn. The growth pace was the most rapid in 2016 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest rusks and toasted bread supplier to Denmark, accounting for a 42% share of total imports. Moreover, rusks and toasted bread imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Lithuania (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.2% per year) and Lithuania (+174.0% per year).

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest rusks and toasted bread suppliers to Denmark, together accounting for 58% of total imports. These countries were followed by Lithuania, Latvia, Spain, Israel, Bulgaria, Sweden, France, the UK, Ireland and Norway, which together accounted for a further 32%.

In terms of the main suppliers, Lithuania, with a CAGR of +217.3%, 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 rusks and toasted bread import price stood at $X per ton in 2021, with an increase of 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2019 when the average import price increased by 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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