Denmark: Tomato Juice Market 2024

Tomato Juice Market Size in Denmark

The Danish tomato juice market fell to $X in 2022, with a decrease of -4.7% against the previous year. In general, consumption, however, recorded a noticeable decrease. Tomato juice consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tomato Juice Production in Denmark

In value terms, tomato juice production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 27% against the previous year. Tomato juice production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tomato Juice Exports

Exports from Denmark

In 2022, overseas shipments of tomato juice increased by 10% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2015 with an increase of 42%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tomato juice exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 39% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for tomato juice exports from Denmark, accounting for a 87% share of total exports. Moreover, tomato juice exports to Norway 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 Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-1.5% per year) and Sweden (-9.3% per year).

In value terms, Norway ($X) remains the key foreign market for tomato juice exports from Denmark, comprising 85% of total exports. The second position in the ranking was taken by Iceland ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-2.8% per year) and Sweden (-20.9% per year).

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, increasing by 1.6% against the previous year. Overall, the export price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of 23% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Sweden ($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 Iceland (-1.4%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into Denmark

In 2022, after two years of decline, there was significant growth in supplies from abroad of tomato juice, when their volume increased by 27% to X tons. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports expanded sharply to $X in 2022. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by 19%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest tomato juice supplier to Denmark, accounting for a 73% share of total imports. Moreover, tomato juice imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.5% per year) and Italy (+43.9% per year).

In value terms, Germany ($X) constituted the largest supplier of tomato juice to Denmark, comprising 69% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by Sweden, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.3% per year) and Sweden (-21.0% per year).

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, waning by -13.2% against the previous year. Overall, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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