Denmark - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVegetable Oils Price in Denmark - 2023
Contents:
- Vegetable Oils Price in Denmark (CIF) - 2023
- Vegetable Oils Price in Denmark (FOB) - 2023
- Vegetable Oils Imports in Denmark
- Vegetable Oils Exports in Denmark
Vegetable Oils Price in Denmark (CIF) - 2023
In June 2023, the average vegetable oils import price amounted to $1,786 per ton, reducing by -6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 19% m-o-m. The import price peaked at $1,900 per ton in May 2023, and then shrank in the following month.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From June 2022 to June 2023, the rate of growth in terms of prices for Indonesia amounted to +1.5% per month.
Vegetable Oils Price in Denmark (FOB) - 2023
The average vegetable oils export price stood at $2,638 per ton in June 2023, declining by -6.4% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 39% m-o-m. As a result, the export price reached the peak level of $3,348 per ton. From May 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($6,853 per ton), while the average price for exports to Iceland ($1,040 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Oils Imports in Denmark
In 2022, the amount of vegetable fats and oils imported into Denmark reduced to 92K tons, waning by -5.7% on 2021 figures. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 98K tons, and then declined in the following year.
In value terms, vegetable oils imports skyrocketed to $144M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 45%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Vegetable Oils in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 40.0 | 41.3 | 70.5 | 95.5 | 33.7% |
| Sweden | 18.5 | 18.5 | 24.0 | 25.9 | 11.9% |
| Netherlands | 7.2 | 4.4 | 8.9 | 16.5 | 31.8% |
| Indonesia | 4.7 | 1.2 | 1.3 | 2.6 | -17.9% |
| Malaysia | 8.1 | 3.5 | 0.4 | N/A | -77.8% |
| Others | 1.4 | 9.6 | 8.4 | 3.1 | 30.3% |
| Total | 79.9 | 78.4 | 113 | 144 | 21.7% |
Top Suppliers of Vegetable Oils to Denmark in 2022:
- Malaysia (undefinedK tons)
- Germany (61.6K tons)
- Netherlands (15.7K tons)
- Sweden (12.8K tons)
- Indonesia (1.0K tons)
Vegetable Oils Exports in Denmark
In 2022, the amount of vegetable fats and oils exported from Denmark dropped dramatically to 11K tons, declining by -23% compared with the previous year. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports attained the peak of 14K tons, and then declined sharply in the following year.
In value terms, vegetable oils exports rose remarkably to $31M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Oils in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.7 | 1.9 | 3.2 | 3.5 | 27.2% |
| Portugal | 0.1 | 0.1 | 2.6 | 3.4 | 224.0% |
| Norway | 1.5 | 2.3 | 2.8 | 2.2 | 13.6% |
| Netherlands | 1.4 | 1.6 | 1.7 | 2.0 | 12.6% |
| Malaysia | 0.4 | 0.4 | 1.0 | 1.7 | 62.0% |
| Sweden | 1.7 | 1.9 | 2.6 | 1.5 | -4.1% |
| Kenya | 0.8 | 0.9 | 0.8 | 1.4 | 20.5% |
| Kazakhstan | 0.2 | 0.1 | N/A | 1.2 | 81.7% |
| Russia | 1.2 | 1.4 | 1.8 | 1.2 | 0.0% |
| Mexico | 0.7 | 0.7 | 1.5 | 1.0 | 12.6% |
| Turkey | 0.1 | 0.1 | 0.7 | 0.9 | 108.0% |
| Belgium | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Greece | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Others | 7.7 | 8.1 | 9.3 | 9.9 | 8.7% |
| Total | 18.0 | 20.3 | 28.9 | 31.0 | 19.9% |
Top Export Markets for Vegetable Oils from Denmark in 2022:
- Portugal (1806.7 tons)
- Germany (1441.9 tons)
- Netherlands (1132.1 tons)
- Norway (991.8 tons)
- Sweden (658.7 tons)
- Malaysia (499.3 tons)
- Russia (303.2 tons)
- Turkey (257.8 tons)
- Kenya (238.0 tons)
- Greece (220.5 tons)
- Mexico (213.3 tons)
- Belgium (200.6 tons)
- Kazakhstan (196.8 tons)
This report provides an in-depth analysis of the vegetable oils 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:
- Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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.
-
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
-
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
-
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
-
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
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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 VOLUME AND VALUE
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
-
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
-
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
- 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
- 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
426
This report provides an in-depth analysis of the vegetable oils market in Denmark.
355
This report provides an in-depth analysis of the animal fats market in Denmark.
1644
This report provides an in-depth analysis of the global vegetable oils market.
1088
This report provides an in-depth analysis of the global animal fats market.
426
This report provides an in-depth analysis of the vegetable oils market in Denmark.
355
This report provides an in-depth analysis of the animal fats market in Denmark.
1644
This report provides an in-depth analysis of the global vegetable oils market.
1088
This report provides an in-depth analysis of the global animal fats market.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
