Denmark: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Denmark

The Danish grape wine spirits market contracted to $X in 2022, dropping by -8.4% against the previous year. In general, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Grape Wine Spirits Production in Denmark

In value terms, grape wine spirits production shrank sharply to $X in 2022 estimated in export price. In general, production, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 1,039% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Grape Wine Spirits Exports

Exports from Denmark

Grape wine spirits exports from Denmark fell to X litres in 2022, declining by -5.7% against 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, grape wine spirits exports fell slightly to $X in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 38%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X litres), Finland (X litres) and Switzerland (X litres) were the main destinations of grape wine spirits exports from Denmark, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +71.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for grape wine spirits exported from Denmark were Finland ($X), Germany ($X) and Estonia ($X), with a combined 69% share of total exports. Switzerland, Lithuania, Sweden, Latvia and Norway lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Switzerland, with a CAGR of +48.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, approximately equating the previous year. Overall, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43% against the previous year. The export price peaked at $X per litre in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per litre), while the average price for exports to Switzerland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Denmark

In 2022, grape wine spirits imports into Denmark reduced to X litres, which is down by -7.7% against the previous year's figure. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked at X litres in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports dropped to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X litres) constituted the largest grape wine spirits supplier to Denmark, accounting for a 54% share of total imports. Moreover, grape wine spirits imports from France exceeded the figures recorded by the second-largest supplier, Germany (X litres), twofold. Finland (X litres) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and Finland (+134.1% per year).

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Denmark, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and Finland (+132.5% per year).

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, average import prices attained the peak figure in 2022 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 Finland ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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