Denmark: Vitamin Market Overview 2021

Vitamin Market Size in Denmark

In 2020, the Danish vitamin market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vitamin Production in Denmark

In value terms, vitamin production shrank to $X in 2020 estimated in export prices. In general, production, however, showed a mild reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Vitamin Exports

Exports from Denmark

In 2020, overseas shipments of provitamins and vitamins decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2012 to 2020, the growth exports remained at a lower figure.

In value terms, vitamin exports shrank significantly to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Ireland (X tonnes) was the main destination for vitamin exports from Denmark, with a X% share of total exports. Moreover, vitamin exports to Ireland exceeded the volume sent to the second major destination, Latvia (X tonnes), threefold. Norway (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Ireland stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+X% per year) and Norway (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Ireland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Norway (+X% per year).

Export Prices by Country

In 2020, the average vitamin export price amounted to $X per tonne, flattening at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to Latvia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Denmark

In 2020, the amount of provitamins and vitamins imported into Denmark surged to X tonnes, rising by X% against 2019. In general, total imports indicated a temperate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vitamin imports surged to $X in 2020. Overall, total imports indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and China (X tonnes) were the main suppliers of vitamin imports to Denmark, with a combined X% share of total imports. These countries were followed by the UK, Belgium, Italy and Norway, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway, while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average vitamin import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, vitamin import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Norway ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for provitamins and vitamins in the world?

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The countries with the highest volumes of vitamin consumption in 2020 were India (537K tonnes), China (273K tonnes) and the U.S. (90K tonnes), with a combined 55% share of global consumption. Canada, Germany, Japan, the UK, Mexico and Italy lagged somewhat behind, together accounting for a further 20%.

What are the largest producers of provitamins and vitamins in the world?

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The countries with the highest volumes of vitamin production in 2020 were China (599K tonnes), India (546K tonnes) and Canada (57K tonnes), together accounting for 76% of global production. These countries were followed by Mexico, Japan, Germany, the UK and Switzerland, which together accounted for a further 12%.

What are the leading suppliers of provitamins and vitamins to Denmark?

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In value terms, Germany ($45M) constituted the largest supplier of vitamin to Denmark, comprising 41% of total imports. The second position in the ranking was occupied by the Netherlands ($19M), with a 17% share of total imports. It was followed by China, with a 10% share.

What are the leading importers of provitamins and vitamins from Denmark?

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In value terms, Ireland ($42M) remains the key foreign market for vitamin exports from Denmark, comprising 39% of total exports. The second position in the ranking was occupied by the UK ($6.8M), with a 6.4% share of total exports. It was followed by Norway, with a 6% share.

What is the average export price for provitamins and vitamins in Denmark?

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The average vitamin export price stood at $29,771 per tonne in 2020, remaining relatively unchanged against the previous year.

What is the average import price for provitamins and vitamins in Denmark?

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The average vitamin import price stood at $12,427 per tonne in 2020, dropping by -8.4% against the previous year.