Price for Flour, Meal, and Flakes of Potatoes in Denmark - 2023

Price for Flour, Meal, and Flakes of Potatoes in Denmark (FOB) - 2023

The average export price for flour, meal, and flakes of potatoeses stood at $2,099 per ton in September 2023, therefore, remained relatively stable against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in May 2023 an increase of 6.8% month-to-month. As a result, the export price reached the peak level of $2,203 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were Jordan ($2,620 per ton) and Lebanon ($2,363 per ton), while the average price for exports to China ($1,906 per ton) and the UK ($1,927 per ton) were amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Denmark (CIF) - 2023

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $3,437 per ton, declining by -5.5% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in January 2023 when the average import price increased by 11% month-to-month. Over the period under review, average import prices hit record highs at $3,683 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From November 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to +4.2% per month.

Exports of Flour, Meal, and Flakes of Potatoes in Denmark

For the fourth year in a row, Denmark recorded growth in overseas shipments of flour, meal, and flakes of potatoeses, which increased by 2.1% to 26K tons in 2022. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of flour, meal, and flakes of potatoeses stood at $37M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Flour, Meal, and Flakes of Potatoes in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	5.5	7.1	6.7	8.4	15.2%
Germany	5.0	5.3	5.2	5.7	4.5%
Thailand	1.1	1.8	4.2	3.3	44.2%
Philippines	4.9	4.0	3.8	3.2	-13.2%
Italy	2.4	2.2	2.7	2.7	4.0%
Indonesia	0.2	2.4	2.0	2.1	119.0%
Sweden	0.7	1.0	1.2	1.7	34.4%
China	1.3	1.7	1.0	1.7	9.4%
Japan	N/A	N/A	0.4	1.5	275.0%
France	1.3	1.2	1.2	1.1	-5.4%
United States	0.6	0.6	0.6	0.9	14.5%
Vietnam	0.9	0.7	0.7	0.8	-3.9%
Jordan	0.2	0.2	0.3	0.7	51.8%
Others	2.5	3.6	3.0	3.0	6.3%
Total	26.5	31.9	32.9	36.9	11.7%

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Denmark in 2022:

United Kingdom (6.5K tons)
Germany (4.0K tons)
Thailand (2.4K tons)
Philippines (2.3K tons)
Italy (1.7K tons)
Indonesia (1.6K tons)
China (1.2K tons)
Sweden (1.1K tons)
Japan (1.0K tons)
France (0.9K tons)
Vietnam (0.6K tons)
United States (0.5K tons)
Jordan (0.4K tons)

Imports of Flour, Meal, and Flakes of Potatoes in Denmark

Imports of flour, meal, and flakes of potatoeses into Denmark amounted to 5.3K tons in 2022, picking up by 14% against 2021 figures. The total import volume increased at an average annual rate of +8.7% 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 29% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $13M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Flour, Meal, and Flakes of Potatoes in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	4.9	5.4	7.0	7.6	15.8%
France	1.6	1.4	1.5	1.9	5.9%
United Kingdom	0.1	0.1	1.1	1.6	152.0%
Germany	0.6	0.6	0.7	0.8	10.1%
Spain	0.5	0.7	0.7	0.8	17.0%
Poland	1.1	N/A	N/A	0.2	-43.3%
Others	0.5	0.2	0.1	0.2	-26.3%
Total	9.4	8.5	11.2	13.2	12.0%