Denmark: Poppy Seed Market Overview 2021

Poppy Seed Market Size in Denmark

The Danish poppy seed market surged to $X in 2019, jumping by X% 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). In general, consumption, however, saw a deep slump. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Poppy Seed Exports

Exports from Denmark

In 2019, overseas shipments of poppy seed decreased by -X% to X tonnes, falling for the second year in a row after five years of growth. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports failed to regain the momentum.

In value terms, poppy seed exports declined dramatically to $X in 2019. In general, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Germany (X tonnes) 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, Greenland (X tonnes), sixfold. Norway (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, 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: Greenland (+X% per year) and Norway (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+X% per year) and Norway (-X% per year).

Export Prices by Country

The average poppy seed export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the export price enjoyed a slight increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Greenland ($X per tonne), while the average price for exports to Faroe Islands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced mixed trend patterns.

Poppy Seed Imports

Imports into Denmark

In 2019, supplies from abroad of poppy seed was finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, poppy seed imports skyrocketed to $X in 2019. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

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

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey.

In value terms, Turkey ($X) and Germany ($X) appeared to be the largest poppy seed suppliers to Denmark, together accounting for X% of total imports.

Among the main suppliers, Turkey saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2019, the average poppy seed import price amounted to $X per tonne, jumping by X% against the previous year. In general, import price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, poppy seed import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2019 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Turkey amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

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India (17K tonnes) constituted the country with the largest volume of poppy seed consumption, comprising approx. 18% of total volume. Moreover, poppy seed consumption in India exceeded the figures recorded by the second-largest consumer, Germany (8.1K tonnes), twofold. The third position in this ranking was occupied by Russia (7.2K tonnes), with a 7.7% share.

What are the largest producers of poppy seed in the world?

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The countries with the highest volumes of poppy seed production in 2019 were Turkey (27K tonnes), the Czech Republic (18K tonnes) and Spain (14K tonnes), together comprising 57% of global production. Australia, China, France, Hungary, Croatia, Germany, the UK, Slovakia and Austria lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of poppy seed to Denmark?

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In value terms, the largest poppy seed suppliers to Denmark were Turkey ($1.1M) and Germany ($751K), together accounting for 97% of total imports.

What are the leading importers of poppy seed from Denmark?

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In value terms, Germany ($175K) remains the key foreign market for poppy seed exports from Denmark, comprising 79% of total exports. The second position in the ranking was occupied by Greenland ($29K), with a 13% share of total exports. It was followed by Norway, with a 4% share.

What is the average export price for poppy seed in Denmark?

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The average poppy seed export price stood at $3,892 per tonne in 2019, increasing by 42% against the previous year.

What is the average import price for poppy seed in Denmark?

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In 2019, the average poppy seed import price amounted to $3,972 per tonne, picking up by 26% against the previous year.