Denmark: Green Peas Market 2024

Green Peas Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish green peas market, when its value decreased by X% to $X. Overall, consumption recorded a noticeable slump. Green peas consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Green Peas Production in Denmark

In value terms, green peas production rose significantly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of peas (green) in Denmark declined modestly to X tons per ha in 2022, almost unchanged from the previous year's figure. Overall, the yield saw a pronounced downturn. The growth pace was the most rapid in 2021 when the yield increased by X%. The green peas yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area in Denmark dropped significantly to X ha in 2022, shrinking by X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then declined rapidly in the following year.

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Green Peas Exports

Exports from Denmark

In 2022, approx. X tons of peas (green) were exported from Denmark; increasing by X% against the previous year's figure. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, green peas exports soared to $X in 2022. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for green peas exports from Denmark, with a X% share of total exports. Moreover, green peas exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, Sweden ($X), Norway ($X) and Germany ($X) constituted the largest markets for green peas exported from Denmark worldwide, together comprising X% of total exports.

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

Export Prices by Country

The average green peas export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Norway ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Denmark

In 2022, purchases abroad of peas (green) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, green peas imports declined to $X in 2022. Over the period under review, total imports indicated a measured 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 growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of green peas to Denmark, with a X% share of total imports. Moreover, green peas imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Portugal (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Italy ($X), the Netherlands ($X) and Latvia ($X) constituted the largest green peas suppliers to Denmark, with a combined X% share of total imports.

Among the main suppliers, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average green peas import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Sweden ($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 a decline.

Source: IndexBox Platform