Denmark: Cheese Market 2024

Cheese Market Size in Denmark

The Danish cheese market rose markedly to $X in 2021, increasing by 5.3% against the previous year. The market value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cheese consumption peaked in 2021 and is likely to see gradual growth in years to come.

Cheese Production in Denmark

In value terms, cheese production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Cheese Exports

Exports from Denmark

For the tenth year in a row, Denmark recorded growth in overseas shipments of cheese, which increased by 1.1% to X tons in 2021. The total export volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, cheese exports totaled $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of cheese exports from Denmark, together accounting for 47% of total exports. Spain, Finland, the Netherlands, Japan, China, France, Italy, South Korea, Norway and Poland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +45.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the UK ($X) appeared to be the largest markets for cheese exported from Denmark worldwide, with a combined 41% share of total exports. Spain, Finland, Japan, Norway, the Netherlands, China, France, Italy, South Korea and Poland lagged somewhat behind, together accounting for a further 36%.

China, with a CAGR of +34.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cheese export price amounted to $X per ton, surging by 8.5% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The growth pace was the most rapid in 2017 when the average export price increased by 13%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+0.4%), while the prices for the other major destinations experienced a decline.

Cheese Imports

Imports into Denmark

In 2021, the amount of cheese imported into Denmark expanded to X tons, increasing by 5% against 2020 figures. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9.5% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cheese imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 21%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of cheese to Denmark, accounting for a 29% share of total imports. Moreover, cheese imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+9.1% per year) and the Netherlands (+1.8% per year).

In value terms, the largest cheese suppliers to Denmark were Germany ($X), Sweden ($X) and France ($X), together accounting for 48% of total imports. These countries were followed by the Netherlands, Italy, the UK, Poland, Austria and Belgium, which together accounted for a further 41%.

Among the main suppliers, Poland, with a CAGR of +22.0%, saw the highest rates of growth with regard to 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

In 2021, the average cheese import price amounted to $X per ton, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :