Denmark: Buckwheat Market 2022

Buckwheat Market Size in Denmark

The Danish buckwheat market declined significantly to $X in 2021, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then declined dramatically in the following year.

Buckwheat Exports

Exports from Denmark

In 2021, shipments abroad of buckwheat increased by X% to X tonnes for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. As a result, the exports reached the peak of X tonnes. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, buckwheat exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tonnes), Norway (X tonnes) and Italy (X tonnes) were the main destinations of buckwheat exports from Denmark, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Sweden (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Italy ($X) constituted the largest markets for buckwheat exported from Denmark worldwide, with a combined X% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2021, growing by X% against the previous year. Overall, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. As a result, the export price attained the peak level of $X per tonne. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Norway ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into Denmark

In 2021, approx. X tonnes of buckwheat were imported into Denmark; which is down by -X% compared with the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, buckwheat imports dropped sharply to $X in 2021. Overall, imports showed a pronounced increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at $X in 2020, and then fell markedly in the following year.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Italy (X tonnes) were the main suppliers of buckwheat imports to Denmark, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the largest buckwheat suppliers to Denmark, with a combined X% share of total imports. Poland lagged somewhat behind, accounting for a further X terms of the main suppliers, Poland, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average buckwheat import price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform