Denmark: Peanut Butter Market 2024

Peanut Butter Market Size in Denmark

After three years of growth, the Danish peanut butter market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced markedly in the following year.

Peanut Butter Production in Denmark

In value terms, peanut butter production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value 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, production decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Peanut Butter Exports

Exports from Denmark

In 2022, shipments abroad of peanut butter and prepared or preserved groundnuts was finally on the rise to reach X tons after two years of decline. Overall, exports enjoyed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, peanut butter exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for peanut butter exports from Denmark, with a X% share of total exports. Moreover, peanut butter exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Germany (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for peanut butter and prepared or preserved groundnuts exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average peanut butter export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Norway ($X per ton), while the average price for exports to Sweden ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Peanut Butter Imports

Imports into Denmark

In 2022, supplies from abroad of peanut butter and prepared or preserved groundnuts decreased by X% to X tons, falling for the second consecutive year after nine years of growth. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, peanut butter imports reduced to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest peanut butter supplier to Denmark, accounting for a X% share of total imports. Moreover, peanut butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the Netherlands ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Denmark, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Lithuania ($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 mixed trend patterns.

Source: IndexBox Platform