Denmark: Sugar Market 2022

Sugar Market Size in Denmark

In 2021, the Danish sugar market decreased by -9.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption showed a noticeable contraction. Sugar consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Sugar Production in Denmark

In value terms, sugar production expanded modestly to $X in 2021 estimated in export price. In general, production showed a noticeable descent. The growth pace was the most rapid in 2016 when the production volume increased by 32% against the previous year. Sugar production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The average yield of sugar in Denmark stood at less than X kg per ha in 2021, approximately equating the previous year. In general, 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 sugar production in Denmark was estimated at less than X ha, approximately reflecting the previous year. In general, the harvested area showed a relatively flat trend pattern.

Sugar Exports

Exports from Denmark

In 2021, overseas shipments of sugar increased by 19% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2020 when exports increased by 21% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugar exports soared to $X in 2021. In general, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for sugar exports from Denmark, accounting for a 46% share of total exports. Moreover, sugar exports to Norway exceeded the volume sent to the second major destination, Greece (X tons), threefold. Ireland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-1.4% per year) and Ireland (-1.9% per year).

In value terms, Norway ($X) remains the key foreign market for sugar exports from Denmark, comprising 53% of total exports. The second position in the ranking was taken by Greece ($X), with an 11% share of total exports. It was followed by Sweden, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-6.6% per year) and Sweden (-7.8% per year).

Export Prices by Country

In 2021, the average sugar export price amounted to $X per ton, with an increase of 6.7% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. Over the period under review, the average export prices reached the peak figure 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, the country with the highest price was Sweden ($X per ton), while the average price for exports to Ireland ($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 Sweden (+0.0%), while the prices for the other major destinations experienced a decline.

Sugar Imports

Imports into Denmark

In 2021, supplies from abroad of sugar was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 34%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, sugar imports soared to $X in 2021. Overall, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 15% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and Poland (X tons) were the main suppliers of sugar imports to Denmark, together accounting for 63% of total imports. These countries were followed by the Netherlands, France, Lithuania, Belgium, Brazil and Finland, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +142.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar suppliers to Denmark were Germany ($X), Sweden ($X) and the Netherlands ($X), with a combined 59% share of total imports. Poland, Lithuania, Belgium, France, Brazil and Finland lagged somewhat behind, together comprising a further 30%.

Lithuania, with a CAGR of +153.8%, 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

The average sugar import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform