Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in Denmark - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark (FOB) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark (CIF) - 2023
3. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark
4. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark (FOB) - 2023

The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $5,838 per ton in October 2023, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 16% month-to-month. The export price peaked at $5,904 per ton in September 2023, and then reduced slightly in the following month.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Greenland ($10,359 per ton), while the average price for exports to Sweden ($4,452 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark (CIF) - 2023

In October 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $4,144 per ton, falling by -4.2% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in January 2023 an increase of 30% month-to-month. Over the period under review, average import prices reached the maximum at $4,887 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Finland ($7,219 per ton), while the price for Belgium ($1,815 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark

Exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa from Denmark amounted to 42K tons in 2022, with an increase of 10% against 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa expanded notably to $171M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Denmark in 2022:

1. Sweden (22.6K tons)
2. Germany (7.1K tons)
3. Norway (3.4K tons)
4. Poland (1.6K tons)
5. Finland (1.1K tons)
6. United Kingdom (0.9K tons)
7. Netherlands (0.8K tons)
8. France (0.8K tons)

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Denmark

In 2022, approx. 45K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into Denmark; jumping by 16% against the previous year. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa reached $159M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Denmark in 2022:

1. Sweden (13.4K tons)
2. Netherlands (7.9K tons)
3. Germany (6.9K tons)
4. Belgium (5.5K tons)
5. Poland (4.3K tons)
6. Finland (1.9K tons)
7. United Kingdom (1.0K tons)
8. Spain (0.5K tons)

Source: IndexBox Market Intelligence Platform