Denmark: Dry Peas Market 2024

Dry Peas Market Size in Denmark

In 2022, the Danish dry peas market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Dry Peas Production in Denmark

In value terms, dry peas production contracted to $X in 2022 estimated in export price. Overall, the total production indicated mild growth 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 increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Dry peas production peaked at $X in 2021, and then shrank in the following year.

The average yield of peas (dry) in Denmark soared to X tons per ha in 2022, jumping by X% against the year before. Overall, the yield continues to indicate mild growth. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The dry peas yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the dry peas harvested area in Denmark soared to X ha, jumping by X% against the previous year's figure. Over the period under review, the harvested area recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The dry peas harvested area peaked in 2022 and is expected to retain growth in the immediate term.

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Dry Peas Exports

Exports from Denmark

In 2022, exports of peas (dry) from Denmark skyrocketed to X tons, growing by X% on the previous year. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, dry peas exports soared to $X in 2022. In general, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of dry peas exports from Denmark, together comprising X% of total exports. Germany, Sweden and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Germany ($X) were the largest markets for dry peas exported from Denmark worldwide, with a combined X% share of total exports. France, Belgium and Sweden lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dry peas export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Denmark

In 2022, purchases abroad of peas (dry) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a mild downturn. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dry peas imports expanded markedly to $X in 2022. In general, imports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of dry peas to Denmark, accounting for a X% share of total imports. Moreover, dry peas imports from Lithuania exceeded the figures recorded by the second-largest supplier, Estonia (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

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

In value terms, the largest dry peas suppliers to Denmark were Lithuania ($X), the Netherlands ($X) and Estonia ($X), together comprising X% of total imports. Germany, France, Sweden, Norway and Russia lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry peas import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible increase. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 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 the Netherlands ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform