Denmark: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Denmark

The Danish market for spirits, liqueurs and other spirituous beverages contracted to $X in 2022, falling by -9.9% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.6% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Denmark

In value terms, production of spirits, liqueurs and other spirituous beverages contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 129%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Denmark

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by 19% to X litres, rising for the second year in a row after three years of decline. In general, exports, however, saw a deep contraction. Over the period under review, the exports of reached the peak figure at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of spirits, liqueurs and other spirituous beverages rose markedly to $X in 2022. Over the period under review, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X litres), Norway (X litres) and Sweden (X litres) were the main destinations of exports of spirits, liqueurs and other spirituous beverages from Denmark, with a combined 73% share of total exports. Finland, Greenland, the Netherlands, Estonia, Poland, Iceland and Faroe Islands lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Norway ($X) appeared to be the largest markets for spirits, liqueurs and other spirituous beverages exported from Denmark worldwide, with a combined 70% share of total exports. Finland, the Netherlands, Greenland, Estonia, Poland, Iceland and Faroe Islands lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Poland, with a CAGR of +27.5%, 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 export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, waning by -8.3% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spirits, liqueurs and other spirituous beverages increased by +46.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to Norway ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Denmark

In 2022, imports of spirits, liqueurs and other spirituous beverages into Denmark reduced remarkably to X litres, waning by -21% on the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of X litres, and then fell notably in the following year.

In value terms, imports of spirits, liqueurs and other spirituous beverages rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 20% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Germany (X litres), the Netherlands (X litres) and Norway (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Denmark, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits, liqueurs and other spirituous beverages suppliers to Denmark were Germany ($X), the Netherlands ($X) and Norway ($X), together accounting for 66% of total imports.

In terms of the main suppliers, Norway, with a CAGR of +10.2%, 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

The average import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, surging by 34% against the previous year. In general, the import price, however, saw a mild curtailment. Over the period under review, average import prices reached the maximum at $X per litre in 2014; however, from 2015 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 Italy ($X per litre), while the price for France ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform