Denmark: Powdered Milk Market 2024

Powdered Milk Market Size in Denmark

In 2022, the Danish powdered milk market increased by 23% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.4% against 2020 indices. Powdered milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Powdered Milk Production in Denmark

In value terms, powdered milk production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of 15%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Powdered Milk Exports

Exports from Denmark

In 2022, shipments abroad of powdered milk decreased by -18% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 12% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports declined modestly to $X in 2022. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 6.6% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for powdered milk exports from Denmark, with a 27% share of total exports. Moreover, powdered milk exports to Oman exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was held by the Dominican Republic (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-1.6% per year) and the Dominican Republic (-7.2% per year).

In value terms, Oman ($X) remains the key foreign market for powdered milk exports from Denmark, comprising 24% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 10% share of total exports. It was followed by Bangladesh, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-6.2% per year) and Bangladesh (-1.7% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Yemen ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Indonesia ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Denmark

In 2022, after two years of decline, there was significant growth in overseas purchases of powdered milk, when their volume increased by 8.2% to X tons. Over the period under review, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2019 with an increase of 124% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered milk imports skyrocketed to $X in 2022. Overall, imports posted slight growth. The growth pace was the most rapid in 2019 with an increase of 183%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of powdered milk imports to Denmark, with a combined 62% share of total imports. Sweden, Belgium, France, Ukraine and Ireland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +35.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest powdered milk suppliers to Denmark, together comprising 59% of total imports. Sweden, Belgium, Ukraine, France and Ireland lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Ukraine, with a CAGR of +53.9%, saw the highest growth rate of 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

The average powdered milk import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by +145.5% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 44%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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