Denmark: Maize Oil Market 2024

Maize Oil Market Size in Denmark

For the fourth year in a row, the Danish maize oil market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Maize Oil Exports

Exports from Denmark

In 2022, shipments abroad of maize oil decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, maize oil exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Greenland (X tons) was the main destination for maize oil exports from Denmark, with a X% share of total exports. Moreover, maize oil exports to Greenland exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Faroe Islands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greenland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Faroe Islands (X% per year).

In value terms, Greenland ($X) remains the key foreign market for maize oil exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Faroe Islands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greenland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Faroe Islands (X% per year).

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Maize Oil Imports

Imports into Denmark

In 2022, overseas purchases of maize oil decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, maize oil imports skyrocketed to $X in 2022. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of maize oil to Denmark, accounting for a X% share of total imports. Moreover, maize oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Poland (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of maize oil to Denmark, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Poland (X% per year).

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the price for Turkey ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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