Report Update: May 1, 2024

Denmark - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights

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Groundnuts Price in Denmark - 2023

Groundnuts Price in Denmark (CIF) - 2022

The average groundnuts import price stood at $1,799 per ton in 2022, surging by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 an increase of 66%. Over the period under review, average import prices hit record highs at $2,184 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,038 per ton), while the price for the Netherlands ($1,776 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced a decline.

Groundnuts Price in Denmark (FOB) - 2022

The average groundnuts export price stood at $3,245 per ton in 2022, with a decrease of -14.2% against the previous year. In general, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 233%. As a result, the export price attained the peak level of $7,058 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($3,284 per ton), while the average price for exports to Norway amounted to $2,261 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+64.1%), while the prices for the other major destinations experienced mixed trend patterns.

Groundnuts Imports in Denmark

In 2022, overseas purchases of ground-nut (in-shell) decreased by -26.6% to 59 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 383%. As a result, imports reached the peak of 133 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, groundnuts imports declined dramatically to $106K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 147% against the previous year. As a result, imports attained the peak of $143K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Groundnuts in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.6	8.4	122	97.1	176.4%
Belgium	8.5	5.9	5.2	4.4	-19.7%
Germany	2.4	2.6	4.0	3.8	16.6%
Argentina	N/A	125	N/A	N/A	0%
United States	42.0	N/A	N/A	N/A	0%
Others	0.2	0.7	N/A	0.6	44.2%
Total	57.7	143	131	106	22.5%

Top Suppliers of Groundnuts to Denmark in 2022:

Netherlands (54.7 tons)
Belgium (2.2 tons)
Germany (1.9 tons)

Groundnuts Exports in Denmark

In 2022, the amount of ground-nut (in-shell) exported from Denmark dropped sharply to 607 kg, which is down by -43.6% compared with 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,610% against the previous year. As a result, the exports attained the peak of 1.1 tons, and then shrank rapidly in the following year.

In value terms, groundnuts exports fell notably to $2K in 2022. Over the period under review, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 2,355%. As a result, the exports attained the peak of $4.1K, and then fell remarkably in the following year.

Export of Groundnuts in Denmark (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	37.0	40.0	173	1,918	272.9%
Norway	103	126	3,903	52.0	-20.4%
Germany	1,419	N/A	N/A	N/A	0%
Faroe Islands	235	N/A	N/A	N/A	0%
Greenland	369	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	2,163	166	4,076	1,970	-3.1%

Top Export Markets for Groundnuts from Denmark in 2022:

Sweden (584.0 kg)
Norway (23.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the groundnuts market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 242 - Groundnuts, in shell

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023