Denmark: Sweet Biscuit Market 2023

Sweet Biscuit Market Size in Denmark

In 2021, after three years of growth, there was significant decline in the Danish sweet biscuit market, when its value decreased by -8.5% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Sweet Biscuit Production in Denmark

In value terms, sweet biscuit production dropped to $X in 2021 estimated in export price. In general, production recorded a mild decline. The pace of growth was the most pronounced in 2013 when the production volume increased by 22% against the previous year. Sweet biscuit production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Sweet Biscuit Exports

Exports from Denmark

For the fourth consecutive year, Denmark recorded decline in shipments abroad of sweet biscuits, which decreased by -1.3% to X tons in 2021. In general, exports recorded a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 2.7% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit exports reached $X in 2021. Over the period under review, exports showed a noticeable setback. The growth pace was the most rapid in 2014 when exports increased by 5% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main destinations of sweet biscuit exports from Denmark, together comprising 57% of total exports. These countries were followed by Hong Kong SAR, Norway, Italy, Spain, the UK, Australia, Belgium and Sweden, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +14.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Hong Kong SAR ($X) constituted the largest markets for sweet biscuit exported from Denmark worldwide, with a combined 57% share of total exports. Germany, Italy, Norway, Spain, Belgium, the UK, Sweden and Australia lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Belgium, with a CAGR of +14.7%, saw the highest rates of growth with regard to 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

In 2021, the average sweet biscuit export price amounted to $X per ton, rising by 6.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Denmark

In 2021, imports of sweet biscuits into Denmark shrank to X tons, which is down by -4.9% against 2020. In general, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit imports totaled $X in 2021. Overall, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of sweet biscuit imports to Denmark, with a combined 78% share of total imports. The UK, Belgium, Italy, India, Spain and Poland lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +150.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Denmark were Sweden ($X), Germany ($X) and the Netherlands ($X), together accounting for 80% of total imports. The UK, Belgium, Italy, India, Spain and Poland lagged somewhat behind, together accounting for a further 14%.

India, with a CAGR of +156.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average sweet biscuit import price amounted to $X per ton, rising by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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