Denmark: Dairy Spread Market 2025

Dairy Spread Market Size in Denmark

In 2022, the Danish dairy spread market increased by 16% to $X, rising for the second consecutive year after four years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Dairy Spread Production in Denmark

In value terms, dairy spread production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports from Denmark

In 2022, overseas shipments of dairy spreads decreased by -2.1% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 72%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, dairy spread exports rose significantly to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.6% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 70%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for dairy spread exports from Denmark, accounting for a 61% share of total exports. Moreover, dairy spread exports to the UK exceeded the volume sent to the second major destination, Australia (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+44.8% per year) and the United Arab Emirates (+40.2% per year).

In value terms, the UK ($X) remains the key foreign market for dairy spreads exports from Denmark, comprising 55% of total exports. The second position in the ranking was taken by Australia ($X), with a 23% share of total exports. It was followed by the United Arab Emirates, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+40.2% per year) and the United Arab Emirates (+36.2% per year).

Export Prices by Country

The average dairy spread export price stood at $X per ton in 2022, surging by 9.5% against the previous year. In general, the export price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 12%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Denmark

In 2022, approx. X tons of dairy spreads were imported into Denmark; which is down by -3.4% against the previous year. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 1,385%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy spread imports skyrocketed to $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 855%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) was the main supplier of dairy spread to Denmark, accounting for a 92% share of total imports. Moreover, dairy spread imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +88.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.8% per year) and Sweden (-18.4% per year).

In value terms, Germany ($X) constituted the largest supplier of dairy spreads to Denmark, comprising 91% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 5.8% share of total imports. It was followed by Sweden, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +93.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.7% per year) and Sweden (-19.4% per year).

Import Prices by Country

The average dairy spread import price stood at $X per ton in 2022, jumping by 70% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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