Denmark: Sugar Crop Market 2024

Sugar Crop Market Size in Denmark

In 2022, the Danish sugar crop market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a noticeable curtailment. Sugar crop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugar Crop Production in Denmark

In value terms, sugar crop production amounted to $X in 2022 estimated in export price. Over the period under review, production faced a sharp decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sugar crops in Denmark dropped to X tons per ha, which is down by X% against 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average sugar crop yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Denmark reduced slightly to X ha, shrinking by X% compared with the previous year's figure. Over the period under review, the harvested area recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Denmark

In 2022, sugar crop exports from Denmark surged to X tons, with an increase of X% against the year before. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports surged to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for sugar crop exports from Denmark, accounting for a X% share of total exports. Moreover, sugar crop exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Spain (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for sugar crops exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Iceland ($X), with a X% share of total exports.

From 2012 to 2022, 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: Iceland (X% per year) and Spain (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced a decline.

Sugar Crop Imports

Imports into Denmark

In 2022, the amount of sugar crops imported into Denmark rose markedly to X tons, growing by X% against the previous year's figure. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports soared to $X in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest sugar crop supplier to Denmark, with a X% share of total imports. Moreover, sugar crop imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%.

In value terms, the Netherlands ($X) constituted the largest supplier of sugar crops to Denmark, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, faced a precipitous decline. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%).

Source: IndexBox Platform

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