Denmark: Sugar Crop Market 2024

Sugar Crop Market Size in Denmark

After three years of growth, the Danish sugar crop market decreased by X% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. 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.

Sugar Crop Production in Denmark

In value terms, sugar crop production totaled $X in 2022 estimated in export price. In general, production faced a significant contraction. The growth pace was the most rapid in 2020 when the production volume increased by X%. Sugar crop production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sugar crops in Denmark shrank modestly to X tons per ha in 2022, stabilizing at the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average sugar crop yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar crop harvested area in Denmark stood at X ha in 2022, flattening at the previous year. Overall, the harvested area continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Denmark

In 2022, sugar crop exports from Denmark surged to X tons, with an increase of X% against the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports soared to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for sugar crop exports from Denmark, with a X% share of total exports. Moreover, sugar crop exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Spain (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for sugar crops exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Iceland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Spain (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a deep setback. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Spain ($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 Spain (X%), while the prices for the other major destinations experienced a decline.

Sugar Crop Imports

Imports into Denmark

In 2022, approx. X tons of sugar crops were imported into Denmark; increasing by X% on 2021 figures. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports surged to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of sugar crop to Denmark, accounting for a X% share of total imports. Moreover, sugar crop imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Lithuania (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of sugar crops to Denmark, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Germany (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a dramatic decline. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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