Starches; Inulin Price in Denmark - 2023
Contents:
- Starches; Inulin Price in Denmark (FOB) - 2023
- Starches; Inulin Price in Denmark (CIF) - 2023
- Starches; Inulin Exports in Denmark
- Starches; Inulin Imports in Denmark
Starches; Inulin Price in Denmark (FOB) - 2023
The average starches; inulin export price stood at $1,141 per ton in August 2023, remaining stable against the previous month. Overall, export price indicated a notable increase from August 2022 to August 2023: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, starches; inulin export price decreased by -3.0% against May 2023 indices. The growth pace was the most rapid in November 2022 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,177 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From August 2022 to August 2023, the rate of growth in terms of prices for Italy amounted to +5.0% per month.
Starches; Inulin Price in Denmark (CIF) - 2023
In August 2023, the average starches; inulin import price amounted to $1,650 per ton, surging by 7.2% against the previous month. Over the period under review, import price indicated perceptible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, starches; inulin import price decreased by -18.4% against June 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 93% against the previous month. The import price peaked at $2,023 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Sweden ($2,072 per ton), while the price for the UK ($976 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Denmark
In 2022, shipments abroad of starches; inulins decreased by -99.8% to 84 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 4,582%. As a result, the exports reached the peak of 50K tons, and then shrank markedly in the following year.
In value terms, starches; inulin exports skyrocketed to $229M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Starches; Inulin in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 339 | 424 | 391 | 472 | 11.7% |
| Italy | 318 | 215 | 72.1 | 151 | -22.0% |
| Belgium | 0.1 | 0.2 | 64.6 | 125 | 977.2% |
| Germany | N/A | 15.2 | 2.5 | 22.5 | 21.7% |
| Norway | N/A | N/A | 1.0 | 3.8 | 280.0% |
| Egypt | N/A | 7.5 | N/A | N/A | 0% |
| Myanmar | N/A | N/A | 78.6 | N/A | 0% |
| Others | 144,201 | 184,154 | 182,544 | 228,134 | 16.5% |
| Total | 144,859 | 184,817 | 183,154 | 228,909 | 16.5% |
Top Export Markets for Starches; Inulin from Denmark in 2022:
- Sweden (58.2 tons)
- Italy (10.3 tons)
- Belgium (8.9 tons)
- Germany (4.0 tons)
- Norway (1.8 tons)
Starches; Inulin Imports in Denmark
In 2022, supplies from abroad of starches; inulins decreased by -30.5% to 25K tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of 40K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, starches; inulin imports expanded modestly to $30M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Starches; Inulin in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.7 | 7.9 | 10.4 | 10.6 | 11.2% |
| Netherlands | 4.0 | 3.5 | 5.9 | 6.2 | 15.7% |
| France | 2.6 | 3.3 | 4.2 | 5.0 | 24.4% |
| Germany | 3.3 | 4.1 | 2.7 | 4.1 | 7.5% |
| Sweden | 0.9 | 0.8 | 0.9 | 1.3 | 13.0% |
| Slovakia | 0.4 | 0.3 | 0.7 | 0.5 | 7.7% |
| Austria | 0.6 | 0.2 | 0.3 | 0.4 | -12.6% |
| Norway | 3.8 | 4.4 | 3.8 | N/A | 0.0% |
| Others | 2.5 | 1.9 | 0.6 | 1.9 | -8.7% |
| Total | 25.8 | 26.5 | 29.5 | 30.0 | 5.2% |
Top Suppliers of Starches; Inulin to Denmark in 2022:
- France (7.3K tons)
- Belgium (7.0K tons)
- Netherlands (4.0K tons)
- Germany (2.7K tons)
- Sweden (1.2K tons)
- Slovakia (0.6K tons)
- Austria (0.5K tons)
- Norway (0.1K tons)
352
This report provides an in-depth analysis of the inulin market in Denmark.
524
This report provides an in-depth analysis of the maize starch market in Denmark.
434
This report provides an in-depth analysis of the potato starch market in Denmark.
468
This report provides an in-depth analysis of the wheat starch market in Denmark.
254
This report provides an in-depth analysis of the market for starch other than wheat, corn or potato in Denmark.
1886
This report provides an in-depth analysis of the global inulin market.
2275
This report provides an in-depth analysis of the global maize starch market.
1497
This report provides an in-depth analysis of the global potato starch market.
1422
This report provides an in-depth analysis of the global wheat starch market.
436
This report provides an in-depth analysis of the global market for starch other than wheat, corn or potato.
1239
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
686
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
272
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
1239
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
686
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
272
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
