Denmark: Wine Market 2024

Wine Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish wine market, when its value decreased by X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Wine consumption peaked at $X in 2021, and then contracted in the following year.

Wine Production in Denmark

In value terms, wine production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Wine production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Wine Exports

Exports from Denmark

For the fifth consecutive year, Denmark recorded growth in overseas shipments of wine and grape must, which increased by X% to X litres in 2022. Overall, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, wine exports stood at $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X litres), Germany (X litres) and Finland (X litres) were the main destinations of wine exports from Denmark, with a combined X% share of total exports. The Netherlands, France, Estonia, Norway, Lithuania and Greenland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for wine exported from Denmark were Sweden ($X), Germany ($X) and France ($X), with a combined X% share of total exports. The Netherlands, Finland, Estonia, Lithuania, Norway and Greenland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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 wine export price stood at $X per litre in 2022, flattening at the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine export price increased by X% against 2018 indices. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2021, and then dropped modestly 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 France ($X per litre), while the average price for exports to Germany ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Denmark

In 2022, approx. X litres of wine and grape must were imported into Denmark; waning by X% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X litres, and then contracted in the following year.

In value terms, wine imports shrank 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Italy (X litres), France (X litres) and Spain (X litres) were the main suppliers of wine imports to Denmark, together comprising X% of total imports. Australia, the United States, Chile, Germany, South Africa and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), Italy ($X) and Spain ($X) were the largest wine suppliers to Denmark, with a combined X% share of total imports. The United States, Germany, Australia, Chile, the UK and South Africa lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 wine import price amounted to $X per litre, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per litre, and then contracted in the following year.

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 UK ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :