Denmark: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Denmark

The Danish concentrated grapefruit juice market amounted to $X in 2021, with an increase of 2.9% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports from Denmark

In 2021, shipments abroad of concentrated grapefruit juice was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 240% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. Over the period under review, exports showed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 354% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Greenland (X tons) was the main destination for concentrated grapefruit juice exports from Denmark, with a 54% share of total exports. Moreover, concentrated grapefruit juice exports to Greenland exceeded the volume sent to the second major destination, Faroe Islands (X tons), twofold. Norway (X kg) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greenland amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+10.3% per year) and Norway (+14.4% per year).

In value terms, Greenland ($X) emerged as the key foreign market for concentrated grapefruit juice exports from Denmark, comprising 48% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by Faroe Islands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Greenland stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+45.0% per year) and Faroe Islands (+9.5% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+67.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Concentrated Grapefruit Juice Imports

Imports into Denmark

In 2021, approx. X tons of concentrated grapefruit juice were imported into Denmark; growing by 10% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 65% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, concentrated grapefruit juice imports dropped to $X in 2021. In general, imports saw slight growth. The most prominent rate of growth was recorded in 2020 when imports increased by 313% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) was the main supplier of concentrated grapefruit juice to Denmark, with a 96% share of total imports. It was followed by Egypt (X tons), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +21.0%.

In value terms, the Netherlands ($X) constituted the largest supplier of concentrated grapefruit juice to Denmark, comprising 98% of total imports. The second position in the ranking was held by Egypt ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +23.2%.

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, which is down by -14.8% against the previous year. In general, the import price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 214%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 ton), while the price for Egypt amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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