Denmark: Chicory Market Overview 2021

Chicory Market Size in Denmark

The Danish chicory market dropped notably to $X in 2019, shrinking by -X% against the previous year. Over the period under review, consumption faced a abrupt decline. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Chicory consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Chicory Production in Denmark

In value terms, chicory production reduced rapidly to $X in 2019 estimated in export prices. Overall, production recorded a significant decrease. The growth pace was the most rapid in 2016 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

The average yield of chicory in Denmark stood at X kg per ha in 2019, almost unchanged from the previous year's figure. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the chicory harvested area in Denmark was estimated at X ha, flattening at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Chicory Exports

Exports from Denmark

For the fifth year in a row, Denmark recorded decline in overseas shipments of chicory, which decreased by -X% to X kg in 2019. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, chicory exports declined sharply to $X in 2019. Overall, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X kg) was the main destination for chicory exports from Denmark, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Sweden stood at -X%.

In value terms, Sweden ($X) also remains the key foreign market for chicory exports from Denmark.

From 2012 to 2019, the average annual growth rate of value to Sweden totaled -X%.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, chicory export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Sweden amounted to +X% per year.

Chicory Imports

Imports into Denmark

After two years of growth, overseas purchases of chicory decreased by -X% to X tonnes in 2019. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, chicory imports dropped markedly to $X in 2019. In general, imports, however, faced a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest supplier of chicory to Denmark, with a X% share of total imports. Moreover, chicory imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of chicory to Denmark, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2019, the average annual growth rate of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2019, the average chicory import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price continues to indicate a significant decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?

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Belgium (376K tonnes) constituted the country with the largest volume of chicory consumption, comprising approx. 72% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands (54K tonnes), sevenfold. France (36K tonnes) ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of chicory in the world?

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Belgium (376K tonnes) constituted the country with the largest volume of chicory production, accounting for 73% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (56K tonnes), sevenfold. The third position in this ranking was occupied by France (36K tonnes), with a 7% share.

What are the leading suppliers of chicory to Denmark?

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In value terms, Germany ($35K) constituted the largest supplier of chicory to Denmark, comprising 52% of total imports. The second position in the ranking was occupied by the Netherlands ($16K), with a 25% share of total imports.

What are the leading importers of chicory from Denmark?

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In value terms, Sweden ($2.3K) remains the key foreign market for chicory exports from Denmark.

What is the average export price for chicory in Denmark?

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In 2019, the average chicory export price amounted to $5,892 per tonne, declining by -7.3% against the previous year.

What is the average import price for chicory in Denmark?

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In 2019, the average chicory import price amounted to $811 per tonne, declining by -44.6% against the previous year.