Denmark: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Denmark

The Danish market for condensed or evaporated milk (unsweetened) soared to $X in 2021, with an increase of 41% against the previous year. Overall, consumption, however, saw a noticeable reduction. Unsweetened condensed and evaporated milk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Denmark

In value terms, unsweetened condensed and evaporated milk production contracted modestly to $X in 2021 estimated in export price. In general, production recorded a slight descent. The growth pace was the most rapid in 2013 when the production volume increased by 74%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Denmark

In 2021, exports of condensed or evaporated milk (unsweetened) from Denmark fell dramatically to X tons, declining by -35.5% against 2020 figures. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 483% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports declined significantly to $X in 2021. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 337% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Denmark, accounting for a 79% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Germany exceeded the volume sent to the second major destination, Oman (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+27.3% per year) and the United Arab Emirates (-35.1% per year).

In value terms, the largest markets for unsweetened condensed and evaporated milk exported from Denmark were Oman ($X), Germany ($X) and the United Arab Emirates ($X), together accounting for 99% of total exports.

Oman, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, falling by -7.1% against the previous year. Over the period under review, the export price showed a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($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 Sweden (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Denmark

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were imported into Denmark; picking up by 114% against the year before. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 5,756% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports surged to $X in 2021. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,547%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Denmark, with a 88% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled -4.2%.

In value terms, Sweden ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Denmark, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to -6.4%.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, picking up by 2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2017 when the average import price increased by 136%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-2.3%).

Source: IndexBox Platform

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