Denmark: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Denmark

In 2022, the Danish tomato ketchup market decreased by -6.8% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Tomato Ketchup Production in Denmark

In value terms, tomato ketchup production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Tomato ketchup production peaked in 2022 and is expected to retain growth in the near future.

Tomato Ketchup Exports

Exports from Denmark

In 2022, shipments abroad of tomato ketchup and tomato sauces increased by 6.5% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a mild decline. The pace of growth was the most pronounced in 2014 when exports increased by 21% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tomato ketchup exports totaled $X in 2022. Overall, exports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 16%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of tomato ketchup exports from Denmark, together accounting for 58% of total exports. Iceland, Faroe Islands, Greenland, Spain, Norway and Belgium lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) were the largest markets for tomato ketchup exported from Denmark worldwide, together accounting for 49% of total exports. Greenland, Iceland, Faroe Islands, Spain, Norway and Belgium lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Iceland, with a CAGR of +13.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, with a decrease of -3.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Denmark

In 2022, approx. X tons of tomato ketchup and tomato sauces were imported into Denmark; approximately reflecting 2021 figures. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 17% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, tomato ketchup imports contracted to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of tomato ketchup imports to Denmark, with a combined 58% share of total imports. Belgium, Italy, Turkey, Spain and Poland lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup suppliers to Denmark were Germany ($X), the Netherlands ($X) and Belgium ($X), together comprising 64% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +49.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tomato ketchup import price amounted to $X per ton, shrinking by -6.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 6% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :