Denmark: Wheat Starch Market 2024

Wheat Starch Market Size in Denmark

The Danish wheat starch market soared to $X in 2021, increasing by 18% against the previous year. Overall, consumption continues to indicate a prominent expansion. Wheat starch consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wheat Starch Production in Denmark

In value terms, wheat starch production surged to $X in 2021 estimated in export price. Overall, production recorded buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 93% against the previous year. Wheat starch production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wheat Starch Exports

Exports from Denmark

Wheat starch exports from Denmark fell slightly to X tons in 2019, approximately reflecting the previous year. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 188%. Over the period under review, the exports reached the peak figure at X tons in 2018, and then fell slightly in the following year.

In value terms, wheat starch exports surged to $X in 2019. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 95%. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for wheat starch exports from Denmark, with a 45% share of total exports. Moreover, wheat starch exports to Malaysia exceeded the volume sent to the second major destination, Norway (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2019, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+4.7% per year) and Sweden (+15.8% per year).

In value terms, the largest markets for wheat starch exported from Denmark were Germany ($X), Malaysia ($X) and Norway ($X), with a combined 74% share of total exports. Sweden, the UK and the Netherlands lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, the UK, with a CAGR of +45.2%, saw 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 wheat starch export price stood at $X per ton in 2019, with an increase of 17% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2019, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+33.9%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports

Imports into Denmark

In 2021, approx. X tons of wheat starch were imported into Denmark; growing by 31% compared with 2020 figures. Overall, imports, however, showed a deep contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wheat starch imports soared to $X in 2021. In general, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Lithuania (X tons) were the main suppliers of wheat starch imports to Denmark, together accounting for 87% of total imports. France, Austria and Sweden lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +78.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Lithuania ($X) constituted the largest wheat starch suppliers to Denmark, with a combined 87% share of total imports. France, Austria and Sweden lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Austria, with a CAGR of +70.8%, 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 2021, the average wheat starch import price amounted to $X per ton, increasing by 6.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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