Price for Food Preparations Not Elsewhere Specified or Included in Denmark - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Denmark (FOB) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Denmark (CIF) - 2023
- Exports of Food Preparations Not Elsewhere Specified or Included in Denmark
- Imports of Food Preparations Not Elsewhere Specified or Included in Denmark
Price for Food Preparations Not Elsewhere Specified or Included in Denmark (FOB) - 2023
The average export price for food preparations not elsewhere specified or included stood at $6,164 per ton in November 2023, standing approximately at the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average export price increased by 65% month-to-month. The export price peaked at $6,291 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Norway ($9,862 per ton), while the average price for exports to Malaysia ($2,630 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Denmark (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $6,593 per ton, which is down by -11.9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs at $7,488 per ton in October 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($11,043 per ton), while the price for Thailand ($1,597 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Denmark
In 2022, overseas shipments of food preparations not elsewhere specified or included decreased by -9.7% to 175K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a slight downturn. The pace of growth was the most pronounced in 2020 with an increase of 7.7%. As a result, the exports attained the peak of 198K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of food preparations not elsewhere specified or included contracted to $935M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.2% against the previous year. As a result, the exports reached the peak of $1B, and then shrank in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 224 | 181 | 195 | 217 | -1.1% |
| Germany | 40.6 | 43.2 | 63.9 | 51.3 | 8.1% |
| Sweden | 50.6 | 51.1 | 54.8 | 42.9 | -5.4% |
| Norway | 27.9 | 42.4 | 48.9 | 39.8 | 12.6% |
| Saudi Arabia | 43.8 | 41.3 | 42.4 | 37.9 | -4.7% |
| Australia | 31.9 | 39.1 | 35.1 | 34.7 | 2.8% |
| Greece | 39.0 | 49.3 | 46.7 | 27.7 | -10.8% |
| Malaysia | 18.3 | 23.6 | 24.7 | 24.1 | 9.6% |
| Netherlands | 17.3 | 17.8 | 25.4 | 20.3 | 5.5% |
| United Arab Emirates | 12.5 | 16.1 | 15.6 | 18.6 | 14.2% |
| China | 20.5 | 18.5 | 22.0 | 15.8 | -8.3% |
| Others | 364 | 421 | 448 | 405 | 3.6% |
| Total | 891 | 945 | 1,022 | 935 | 1.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Denmark in 2022:
- United Kingdom (51.7K tons)
- Germany (13.2K tons)
- Saudi Arabia (10.2K tons)
- Sweden (10.2K tons)
- Malaysia (9.7K tons)
- Norway (4.6K tons)
- Australia (4.4K tons)
- China (4.2K tons)
- Netherlands (4.0K tons)
- Greece (2.7K tons)
- United Arab Emirates (2.6K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Denmark
In 2022, the amount of food preparations not elsewhere specified or included imported into Denmark stood at 84K tons, standing approx. at 2021 figures. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of food preparations not elsewhere specified or included stood at $454M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Food Preparations Not Elsewhere Specified or Included in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 76.1 | 77.4 | 100 | 86.9 | 4.5% |
| Germany | 55.3 | 56.4 | 62.4 | 67.6 | 6.9% |
| Netherlands | 46.4 | 54.5 | 62.0 | 62.7 | 10.6% |
| Italy | 10.8 | 29.0 | 31.3 | 40.2 | 55.0% |
| Norway | 1.2 | 14.4 | 11.9 | 22.7 | 166.4% |
| France | 14.5 | 15.9 | 21.4 | 20.5 | 12.2% |
| United Kingdom | 17.7 | 16.2 | 20.1 | 17.5 | -0.4% |
| Poland | 5.3 | 10.9 | 11.8 | 11.3 | 28.7% |
| Spain | 3.2 | 4.3 | 7.7 | 8.1 | 36.3% |
| Belgium | 5.8 | 7.6 | 8.6 | 7.5 | 8.9% |
| Czech Republic | 2.0 | 4.4 | 5.5 | 5.7 | 41.8% |
| Austria | 7.1 | 8.4 | 7.5 | 5.4 | -8.7% |
| Thailand | 2.1 | 2.8 | 3.4 | 3.7 | 20.8% |
| Others | 110 | 89.6 | 95.1 | 94.6 | -4.9% |
| Total | 358 | 392 | 449 | 454 | 8.2% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Denmark in 2022:
- Germany (21.9K tons)
- Sweden (19.6K tons)
- Netherlands (14.6K tons)
- Italy (3.0K tons)
- France (3.0K tons)
- Poland (2.8K tons)
- Norway (2.6K tons)
- Thailand (2.0K tons)
- Belgium (1.9K tons)
- Austria (1.5K tons)
- Czech Republic (1.4K tons)
- United Kingdom (1.3K tons)
- Spain (1.3K tons)
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