Denmark: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Denmark

The Danish flaked or rolled cereal market expanded markedly to $X in 2022, with an increase of X% against the previous year. In general, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Flaked or Rolled Cereals in Denmark

In value terms, flaked or rolled cereal production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Flaked or rolled cereal production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Flaked or Rolled Cereals

Exports from Denmark

In 2022, exports of flaked or rolled cereals from Denmark reduced sharply to X tons, which is down by X% on 2021 figures. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced markedly in the following year.

In value terms, flaked or rolled cereal exports fell to $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Sweden (X tons), Germany (X tons) and Poland (X tons) were the main destinations of flaked or rolled cereal exports from Denmark, with a combined X% share of total exports. Iceland, Ireland and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for flaked or rolled cereal exported from Denmark worldwide, with a combined X% share of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of 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 flaked or rolled cereal export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flaked or rolled cereal export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Ireland ($X 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 Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Flaked or Rolled Cereals

Imports into Denmark

In 2022, supplies from abroad of flaked or rolled cereals decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, flaked or rolled cereal imports reached $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of flaked or rolled cereal to Denmark, accounting for a X% share of total imports. Moreover, flaked or rolled cereal imports from Germany exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of flaked or rolled cereals to Denmark, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average flaked or rolled cereal import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform