Denmark: Dry Peas Market 2024

Dry Peas Market Size in Denmark

In 2023, after three years of growth, there was significant decline in the Danish dry peas market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a modest expansion. Over the period under review, the market reached the peak level at $X in 2022, and then fell sharply in the following year.

Dry Peas Production in Denmark

In value terms, dry peas production rose significantly to $X in 2023 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The average yield of peas (dry) in Denmark declined to X tons per ha in 2023, with a decrease of X% on 2022. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The dry peas yield peaked at X tons per ha in 2015; however, from 2016 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The dry peas harvested area in Denmark reduced to X ha in 2023, with a decrease of X% on the previous year. Overall, the harvested area, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to dry peas production reached the maximum at X ha in 2022, and then contracted in the following year.

Dry Peas Exports

Exports from Denmark

In 2023, exports of peas (dry) from Denmark reduced to X tons, shrinking by X% on 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, dry peas exports rose significantly to $X in 2023. Overall, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Belgium (X tons), Norway (X tons) and Germany (X tons) were the main destinations of dry peas exports from Denmark, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Norway ($X) and Hungary ($X) were the largest markets for dry peas exported from Denmark worldwide, with a combined X% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of 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

The average dry peas export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Denmark

In 2023, approx. X tons of peas (dry) were imported into Denmark; waning by X% on 2022. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, dry peas imports fell sharply to $X in 2023. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of dry peas imports to Denmark, with a combined X% share of total imports. Sweden, Hungary, Norway, Estonia, Italy, Latvia, Russia and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the largest dry peas suppliers to Denmark, with a combined X% share of total imports. Hungary, Sweden, Italy, Estonia, Norway, Latvia, Russia and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry peas import price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform