Denmark: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Denmark

The Danish buttermilk and buttermilk powder market declined to $X in 2022, waning by -8.5% against the previous year. Over the period under review, consumption, however, continues to indicate a temperate expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Buttermilk And Buttermilk Powder in Denmark

In value terms, buttermilk and buttermilk powder production rose remarkably to $X in 2022 estimated in export price. In general, production saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports from Denmark

After three years of decline, overseas shipments of buttermilk and buttermilk powder increased by 12% to X tons in 2022. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 144% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports expanded notably to $X in 2022. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 139%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), the Netherlands (X tons) and the Philippines (X tons) were the main destinations of buttermilk and buttermilk powder exports from Denmark, together comprising 55% of total exports. Greenland, Germany, the United Arab Emirates, Saudi Arabia, Faroe Islands, Malaysia, Maldives and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +146.4%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Philippines ($X) and the Netherlands ($X) constituted the largest markets for buttermilk and buttermilk powder exported from Denmark worldwide, with a combined 50% share of total exports. Germany, Greenland, the United Arab Emirates, Saudi Arabia, Faroe Islands, Malaysia, Maldives and the UK lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +141.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2017 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Maldives ($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 Saudi Arabia (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Denmark

In 2022, supplies from abroad of buttermilk and buttermilk powder decreased by -20.5% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 68% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports declined to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 90%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest buttermilk and buttermilk powder supplier to Denmark, accounting for a 76% share of total imports. Moreover, buttermilk and buttermilk powder imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. The third position in this ranking was held by the Netherlands (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.1% per year) and the Netherlands (+40.2% per year).

In value terms, Germany ($X) constituted the largest supplier of buttermilk and buttermilk powder to Denmark, comprising 69% of total imports. The second position in the ranking was held by Sweden ($X), with a 14% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+7.4% per year) and the Netherlands (+36.0% per year).

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, growing by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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