Denmark: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Denmark

For the fourth year in a row, the Danish market for sweet biscuits, waffles and wafers recorded decline in sales value, which decreased by -23.9% to $X in 2021. Over the period under review, consumption saw a pronounced slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Denmark

In value terms, sweet biscuit, waffle and wafer production contracted significantly to $X in 2021 estimated in export price. In general, production showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 149%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Denmark

For the fourth year in a row, Denmark recorded decline in shipments abroad of sweet biscuits, waffles and wafers, which decreased by -0.2% to X tons in 2021. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 1.8%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer exports expanded notably to $X in 2021. Over the period under review, exports recorded a mild descent. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Denmark, together accounting for 55% of total exports. These countries were followed by Hong Kong SAR, Norway, Sweden, Italy, Spain, the UK, Australia, France and Belgium, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +14.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit, waffle and wafer exported from Denmark were the United States ($X), China ($X) and Germany ($X), with a combined 53% share of total exports. These countries were followed by Hong Kong SAR, Sweden, Norway, Italy, Spain, France, Belgium, the UK and Australia, which together accounted for a further 28%.

Belgium, with a CAGR of +14.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 sweet biscuits, waffles and wafers stood at $X per ton in 2021, rising by 7.4% against the previous year. In general, the export price recorded modest growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($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 France (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Denmark

In 2021, supplies from abroad of sweet biscuits, waffles and wafers increased by 0.8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 9.5% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer imports rose significantly to $X in 2021. In general, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Denmark, together accounting for 75% of total imports. Belgium, Poland, the UK, Italy, Bulgaria and Spain lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) appeared to be the largest sweet biscuit, waffle and wafer suppliers to Denmark, with a combined 76% share of total imports. The UK, Poland, Belgium, Bulgaria, Italy and Spain lagged somewhat behind, together comprising a further 16%.

Bulgaria, with a CAGR of +14.4%, recorded the highest rates of growth with regard to 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 import price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the Netherlands ($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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :