Denmark: Chicory Market Overview 2021

Chicory Market Size in Denmark

The Danish chicory market shrank notably to $X in 2020, with a decrease of -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, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Chicory consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Chicory Exports

Exports from Denmark

In 2020, shipments abroad of chicory increased by X% to X kg for the first time since 2014, thus ending a five-year declining trend. Overall, exports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, chicory exports dropped significantly to $X in 2020. In general, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2020, the average annual growth rate of volume to Norway stood at -X%.

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

From 2012 to 2020, the average annual rate of growth in terms of value to Norway amounted to -X%.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Norway amounted to -X% per year.

Chicory Imports

Imports into Denmark

In 2020, imports of chicory into Denmark shrank notably to X tonnes, which is down by -X% on the year before. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, chicory imports contracted notably to $X in 2020. Over the period under review, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, 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, the Netherlands (X tonnes), ninefold.

From 2012 to 2020, the average annual growth rate of volume from Germany totaled -X%.

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 2020, the average annual growth rate of value from Germany was relatively modest.

Import Prices by Country

In 2020, the average chicory import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for Germany totaled $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox Platform