Denmark: Cream Market 2021

Cream Market Size in Denmark

The Danish cream market amounted to $X in 2020, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Cream consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Cream Production in Denmark

In value terms, cream production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Cream Exports

Exports from Denmark

In 2020, overseas shipments of cream decreased by -X% to X tons, falling for the ninth year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports expanded slightly to $X in 2020. Overall, total exports indicated a temperate expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for cream exports from Denmark, accounting for a X% share of total exports. Moreover, cream exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Greece (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for cream exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Greenland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Greenland (+X% per year).

Export Prices by Country

The average cream export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, export price indicated a tangible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cream export price increased by +X% against 2010 indices. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Greenland ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into Denmark

In 2020, purchases abroad of cream decreased by -X% to X tons, falling for the twelfth year in a row after two years of growth. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, cream imports shrank to $X in 2020. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of cream imports to Denmark, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Belgium, while purchases for the other leaders experienced a decline.

In value terms, the largest cream suppliers to Denmark were the Netherlands ($X), Germany ($X) and Belgium ($X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The import price peaked in 2020 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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