Denmark: Lemon And Lime Market 2023

Lemon And Lime Market Size in Denmark

The Danish lemon and lime market expanded significantly to $X in 2021, with an increase of 10% 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). Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.5% against 2018 indices. Lemon and lime consumption peaked in 2021 and is expected to retain growth in years to come.

Lemon And Lime Exports

Exports from Denmark

In 2021, the amount of lemons and limes exported from Denmark reduced to X tons, which is down by -5% compared with 2020 figures. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 90% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, lemon and lime exports shrank to $X in 2021. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 76%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for lemon and lime exports from Denmark, accounting for a 88% share of total exports. Moreover, lemon and lime exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), more than tenfold. The third position in this ranking was taken by Faroe Islands (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+9.0% per year) and Faroe Islands (+10.6% per year).

In value terms, Sweden ($X) remains the key foreign market for lemon and lime exports from Denmark, comprising 84% of total exports. The second position in the ranking was held by Iceland ($X), with a 5.3% share of total exports. It was followed by Faroe Islands, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+11.5% per year) and Faroe Islands (+14.9% per year).

Export Prices by Country

In 2021, the average lemon and lime export price amounted to $X per ton, declining by -4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2018 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Faroe Islands ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Sweden ($X per ton) and Iceland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Denmark

In 2021, approx. X tons of lemons and limes were imported into Denmark; increasing by 11% against the year before. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +1.6% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 21%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, lemon and lime imports stood at $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 32%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of lemon and lime imports to Denmark, with a combined 76% share of total imports. Argentina, Chile, South Africa, Italy and Turkey lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +74.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of lemon and lime to Denmark, comprising 46% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.9% per year) and Germany (+11.8% per year).

Import Prices by Country

The average lemon and lime import price stood at $X per ton in 2021, reducing by -5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2016 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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