Price for Pectic Substances; Pectinates and Pectates in Denmark - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Denmark (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Denmark (FOB) - 2023
3. Imports of Pectic Substances; Pectinates and Pectates in Denmark
4. Exports of Pectic Substances; Pectinates and Pectates in Denmark

Price for Pectic Substances; Pectinates and Pectates in Denmark (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $40,981 per ton in 2022, increasing by 74% against the previous year. In general, the import price continues to indicate tangible growth. Over the period under review, average import prices reached the peak figure at $111,544 per ton in 2015; however, from 2016 to 2022, 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 United States ($89,000 per ton), while the price for the United Arab Emirates ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Denmark (FOB) - 2023

The average export price for pectic substances; pectinates and pectateses stood at $17,547 per ton in June 2023, dropping by -4.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 216% month-to-month. The export price peaked at $34,018 per ton in September 2022; however, from October 2022 to June 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From June 2022 to June 2023, the rate of growth in terms of prices for Norway amounted to +15.3% per month.

Imports of Pectic Substances; Pectinates and Pectates in Denmark

In 2022, the amount of pectic substances; pectinates and pectateses imported into Denmark declined remarkably to 2.2 tons, shrinking by -17.6% on the year before. Over the period under review, imports saw a sharp decline. The growth pace was the most rapid in 2021 with an increase of 325%.

In value terms, pectic substances; pectinates and pectates imports soared to $89K in 2022. In general, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 65%.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Denmark in 2022:

1. Switzerland (2001.0 kg)
2. France (100.0 kg)
3. United States (33.0 kg)
4. Sweden (1.0 kg)

Exports of Pectic Substances; Pectinates and Pectates in Denmark

In 2022, overseas shipments of pectic substances; pectinates and pectateses were finally on the rise to reach 9.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep contraction.

In value terms, pectic substances; pectinates and pectates exports skyrocketed to $151K in 2022. Over the period under review, exports, however, saw a dramatic descent.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Denmark in 2022:

1. Brazil (undefined tons)
2. South Korea (7.3 tons)
3. Norway (1.7 tons)

Source: IndexBox Market Intelligence Platform