Denmark: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Denmark

In 2022, after two years of growth, there was significant decline in the Danish market for candies, sweets, and nonchocolate confectionery, when its value decreased by -21.2% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Production of Candies, Sweets, and Nonchocolate Confectionery in Denmark

In value terms, candy, sweets, and nonchocolate confectionery production reduced remarkably to $X in 2022 estimated in export price. In general, production showed a pronounced downturn. The pace of growth appeared the most rapid in 2013 with an increase of 12%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Denmark

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from Denmark; with an increase of 9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 11%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery exports totaled $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Denmark, with a 55% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Norway (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.9% per year) and Norway (-2.1% per year).

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from Denmark were Sweden ($X), Germany ($X) and Norway ($X), with a combined 74% share of total exports. Finland, Poland, France, the UK and the Netherlands lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, France, with a CAGR of +36.1%, recorded the highest rates of growth with regard to 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 export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, declining by -5.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 10%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($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 Finland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Denmark

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were imported into Denmark; increasing by 16% compared with the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 25%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Denmark, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the Netherlands ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Denmark, with a combined 65% share of total imports.

Sweden, with a CAGR of +13.6%, 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

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, which is down by -7% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 4.3% against the previous year. The import price peaked 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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