Denmark: Poppy Seed Market 2024

Poppy Seed Market Size in Denmark

After four years of growth, the Danish poppy seed market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then fell rapidly in the following year.

Poppy Seed Production in Denmark

In value terms, poppy seed production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average poppy seed yield in Denmark stood at less than X kg per ha, approximately mirroring 2021 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of poppy seed were harvested in Denmark; remaining constant against the year before. Overall, the harvested area saw a relatively flat trend pattern.

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Poppy Seed Exports

Exports from Denmark

In 2022, overseas shipments of poppy seed were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports recorded a mild increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, poppy seed exports skyrocketed to $X in 2022. In general, exports showed prominent growth. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for poppy seed exports from Denmark, with a X% share of total exports. Moreover, poppy seed exports to Germany exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Greenland (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 Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Greenland (X% per year).

In value terms, Germany ($X) remains the key foreign market for poppy seed exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Greenland, with an X% share.

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

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price 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, poppy seed export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into Denmark

In 2022, approx. X kg of poppy seed were imported into Denmark; approximately reflecting the year before. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, poppy seed imports totaled $X in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Turkey (X kg), Germany (X kg) and the Czech Republic (X kg) were the main suppliers of poppy seed imports to Denmark, with a combined X% share of total imports.

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

In value terms, Germany ($X), Turkey ($X) and the Czech Republic ($X) were the largest poppy seed suppliers to Denmark, together accounting for X% of total imports. Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, standing approx. at the previous year. In general, the import price posted a modest increase. The growth pace was the most rapid in 2013 when the average import price decreased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Poland ($X per ton), while the price for the Netherlands ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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