Denmark: Wine Market 2024

Wine Market Size in Denmark

The Danish wine market soared to $X in 2021, increasing by 16% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wine Production in Denmark

In value terms, wine production declined significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wine Exports

Exports from Denmark

In 2021, approx. X litres of wine were exported from Denmark; increasing by 27% against 2020 figures. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X litres in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wine exports soared to $X in 2021. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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 73% share of total exports. These countries were followed by France, the Netherlands, Norway, Lithuania, Estonia, Poland, Spain and Greenland, which together accounted for a further 17%.

From 2012 to 2021, 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 +43.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for wine exports from Denmark, comprising 30% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.8% per year) and France (+24.5% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2021, picking up by 14% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wine export price increased by +14.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Spain ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Denmark

In 2021, the amount of wine imported into Denmark stood at X litres, with an increase of 6.3% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wine imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X litres), France (X litres) and Spain (X litres) were the main suppliers of wine imports to Denmark, with a combined 52% share of total imports. These countries were followed by Australia, Chile, the United States, Germany, South Africa and the UK, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wine suppliers to Denmark were France ($X), Italy ($X) and the United States ($X), together comprising 58% of total imports.

The United States, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wine import price stood at $X per litre in 2021, increasing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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