Denmark: Sugars Market 2024

Sugars Market Size in Denmark

The Danish sugars market rose to $X in 2021, surging by 2.2% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Sugars Production in Denmark

In value terms, sugars production expanded notably to $X in 2021 estimated in export price. In general, production posted a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 241%. Sugars production peaked in 2021 and is likely to continue growth in the near future.

Sugars Exports

Exports from Denmark

In 2021, approx. X tons of sugars, sugar ethers and salts were exported from Denmark; rising by 28% against the previous year's figure. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugars exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 129%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Poland (X tons) and Belgium (X tons) were the main destinations of sugars exports from Denmark, together accounting for 40% of total exports. South Korea, India, Germany, Mexico, Bangladesh, Italy, Sweden, Egypt, the UK and Malaysia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +94.5%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for sugars, sugar ethers and salts exports from Denmark, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.5% share of total exports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and Germany (+38.5% per year).

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2019 an increase of 93% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Egypt ($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 Belgium (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sugars Imports

Imports into Denmark

Sugars imports into Denmark shrank to X tons in 2021, waning by -14.1% against 2020. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2019 when imports increased by 105% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sugars imports expanded slightly to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 191%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Austria (X tons) and France (X tons) were the main suppliers of sugars imports to Denmark, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +106.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugars suppliers to Denmark were the United States ($X), Austria ($X) and Germany ($X), with a combined 73% share of total imports.

Austria, with a CAGR of +116.8%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the average sugars import price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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