Denmark: Vinegar Market 2024

Vinegar Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish vinegar market, when its value decreased by X% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Vinegar Production in Denmark

In value terms, vinegar production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Vinegar Exports

Exports from Denmark

In 2022, approx. X tons of vinegar were exported from Denmark; rising by X% compared with the year before. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinegar exports skyrocketed to $X in 2022. In general, exports showed strong growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Sweden (X tons) and Faroe Islands (X tons) were the main destinations of vinegar exports from Denmark, with a combined X% share of total exports.

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

In value terms, Sweden ($X), Norway ($X) and Faroe Islands ($X) appeared to be the largest markets for vinegar exported from Denmark worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Faroe Islands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vinegar export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Norway ($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 (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into Denmark

After two years of growth, overseas purchases of vinegar decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, vinegar imports declined sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of vinegar to Denmark, with a X% share of total imports. Moreover, vinegar imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by France (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

In value terms, the largest vinegar suppliers to Denmark were Italy ($X), Germany ($X) and France ($X), with a combined X% share of total imports. The Netherlands, Sweden, Japan and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded 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

The average vinegar import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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