Denmark: Green Peas Market 2024

Green Peas Market Size in Denmark

The Danish green peas market skyrocketed to $X in 2023, growing by X% against the previous year. In general, consumption, however, showed a slight curtailment. Green peas consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Green Peas Production in Denmark

In value terms, green peas production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

The average yield of peas (green) in Denmark totaled X tons per ha in 2023, approximately mirroring the previous year. Overall, the yield, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the average green peas yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of peas (green) were harvested in Denmark; growing by X% on 2022 figures. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2022 to 2023, the growth of the green peas harvested area remained at a somewhat lower figure.

Green Peas Exports

Exports from Denmark

In 2023, after two years of growth, there was significant decline in overseas shipments of peas (green), when their volume decreased by X% to X tons. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, green peas exports dropped notably to $X in 2023. Over the period under review, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for green peas exports from Denmark, accounting for a X% share of total exports. It was followed by Faroe Islands (X tons), with a X% share of total exports. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (X% per year) and the Netherlands (X% per year).

In value terms, Sweden ($X) remains the key foreign market for peas (green) exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Faroe Islands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Faroe Islands (X% per year).

Export Prices by Country

In 2023, the average green peas export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Denmark

In 2023, overseas purchases of peas (green) decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, green peas imports declined slightly to $X in 2023. Over the period under review, total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Italy (X tons) constituted the largest supplier of green peas to Denmark, accounting for a X% share of total imports. Moreover, green peas imports from Italy exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the Netherlands (X% per year).

In value terms, Italy ($X), the Netherlands ($X) and Portugal ($X) constituted the largest green peas suppliers to Denmark, together comprising X% of total imports. Germany, Egypt and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of 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 green peas import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, green peas import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, 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 the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform