Denmark: Vitamin Market Overview 2020

Vitamin Market Size in Denmark

The revenue of the vitamin market in Denmark amounted to $X in 2018, going up by X% against the previous year. In general, vitamin consumption continues to indicate strong growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Vitamin consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Vitamin Production in Denmark

In value terms, vitamin production totaled $X in 2018 estimated in export prices. Over the period under review, vitamin production continues to indicate a temperate setback. The growth pace was the most rapid in 2016 when production volume increased by X% year-to-year. Vitamin production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Vitamin Exports

Exports from Denmark

In 2018, approx. X tonnes of provitamins and vitamins were exported from Denmark; increasing by X% against the previous year. Overall, the total exports indicated a mild expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vitamin exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, vitamin exports amounted to $X in 2018. In general, the total exports indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vitamin exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, vitamin exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

The UK (X tonnes), Ireland (X tonnes) and Norway (X tonnes) were the main destinations of vitamin exports from Denmark, with a combined X% share of total exports. Latvia, Sweden, Germany, the U.S., Singapore, Indonesia, the Netherlands, Finland and Switzerland lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Latvia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the UK ($X) and Germany ($X) appeared to be the largest markets for vitamin exported from Denmark worldwide, with a combined X% share of total exports. Norway, the U.S., Sweden, Finland, Switzerland, Latvia, Singapore, Indonesia and the Netherlands lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vitamin export price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for provitamins and vitamins attained their peak figure in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Finland ($X per tonne), while the average price for exports to Latvia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Denmark

Vitamin imports into Denmark amounted to X tonnes in 2018, going up by X% against the previous year. Overall, vitamin imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, vitamin imports attained their maximum at X tonnes in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, vitamin imports stood at $X in 2018. In general, vitamin imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, vitamin imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest vitamin supplier to Denmark, with a X% share of total imports. Moreover, vitamin imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tonnes), sixfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of vitamin to Denmark, comprising X% of total vitamin imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average vitamin import price stood at $X per tonne in 2018, going down by -X% against the previous year. Over the period under review, the vitamin import price continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per tonne), while the price for Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform