Denmark: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Denmark

The Danish evaporated and condensed milk market skyrocketed to $X in 2022, picking up by 65% against the previous year. Over the period under review, consumption, however, recorded a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Evaporated And Condensed Milk in Denmark

In value terms, evaporated and condensed milk production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 206%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Denmark

In 2022, approx. X tons of evaporated and condensed milk were exported from Denmark; waning by -5.2% compared with 2021 figures. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 283%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk exports fell to $X in 2022. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 145%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for evaporated and condensed milk exports from Denmark, accounting for a 84% share of total exports. Moreover, evaporated and condensed milk exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+21.7% per year) and the UK (+197.7% per year).

In value terms, the largest markets for evaporated and condensed milk exported from Denmark were Germany ($X), Malaysia ($X) and Poland ($X), together comprising 51% of total exports. The UK, the United Arab Emirates and Sweden lagged somewhat behind, together comprising a further 8.2%.

Among the main countries of destination, the UK, with a CAGR of +148.4%, 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

The average evaporated and condensed milk export price stood at $X per ton in 2022, shrinking by -6.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 66%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Germany ($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 Sweden (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Denmark

In 2022, approx. X tons of evaporated and condensed milk were imported into Denmark; jumping by 158% against the year before. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 2,235%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, evaporated and condensed milk imports surged to $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,174%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of evaporated and condensed milk imports to Denmark, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +116.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk suppliers to Denmark were Sweden ($X), Germany ($X) and the Netherlands ($X), with a combined 92% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +90.9%, recorded 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 evaporated and condensed milk import price stood at $X per ton in 2022, falling by -14.3% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 120%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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