Denmark - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Denmark - 2023
Contents:
- Lentil Price in Denmark (CIF) - 2023
- Lentil Price in Denmark (FOB) - 2022
- Lentil Imports in Denmark
- Lentil Exports in Denmark
Lentil Price in Denmark (CIF) - 2023
The average lentil import price stood at $2,208 per ton in June 2023, picking up by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in November 2022 an increase of 12% against the previous month. Over the period under review, average import prices attained the peak figure in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($4,870 per ton), while the price for the United States ($1,100 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Lentil Price in Denmark (FOB) - 2022
The average lentil export price stood at $2,873 per ton in 2022, growing by 16% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil export price increased by +34.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $3,252 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($4,189 per ton), while the average price for exports to Finland ($2,424 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 Sweden (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in Denmark
For the fourth year in a row, Denmark recorded growth in supplies from abroad of lentils, which increased by 6.6% to 2K tons in 2022. The total import volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, lentil imports soared to $3.3M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Lentil in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 451 | 723 | 634 | 1,223 | 39.4% |
| Canada | 122 | 316 | 917 | 997 | 101.4% |
| Turkey | 551 | 187 | 187 | 328 | -15.9% |
| Germany | 369 | 666 | 594 | 327 | -3.9% |
| Italy | 79.3 | 166 | 148 | 157 | 25.6% |
| United Kingdom | 38.5 | N/A | 90.2 | 64.2 | 18.6% |
| Argentina | N/A | N/A | N/A | 64.1 | 0% |
| Belgium | 136 | 100 | 56.4 | N/A | -35.6% |
| Others | 170 | 172 | 177 | 181 | 2.1% |
| Total | 1,917 | 2,331 | 2,803 | 3,342 | 20.4% |
Top Suppliers of Lentil to Denmark in 2022:
- Belgium (undefined tons)
- Canada (675.6 tons)
- Netherlands (628.4 tons)
- Turkey (236.1 tons)
- Italy (131.0 tons)
- Germany (105.4 tons)
- Argentina (50.0 tons)
- United Kingdom (40.0 tons)
Lentil Exports in Denmark
In 2022, shipments abroad of lentils decreased by -34.5% to 187 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a dramatic setback. The pace of growth was the most pronounced in 2020 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 482 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lentil exports declined dramatically to $537K in 2022. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 21%. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lentil in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 595 | 687 | 477 | 381 | -13.8% |
| Finland | 122 | 295 | 135 | 108 | -4.0% |
| Iceland | 13.5 | 18.4 | 20.0 | 14.9 | 3.3% |
| Germany | 51.1 | 14.2 | 0.3 | 0.4 | -80.1% |
| United Kingdom | 32.1 | 16.2 | N/A | N/A | -49.5% |
| Turkey | N/A | N/A | 19.7 | N/A | 0% |
| Others | 119 | 99.8 | 59.2 | 33.1 | -34.7% |
| Total | 933 | 1,130 | 711 | 537 | -16.8% |
Top Export Markets for Lentil from Denmark in 2022:
- Sweden (130.0 tons)
- Finland (44.6 tons)
- Iceland (3.6 tons)
- Germany (0.2 tons)
This report provides an in-depth analysis of the lentil market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 201 - Lentils, dry
Country coverage:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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