Denmark: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Denmark

The Danish market for processed cheese (excluding grated or powdered) was finally on the rise to reach $X in 2020, after two years of decline. Overall, consumption saw temperate growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Processed cheese (excluding grated or powdered) in Denmark

In value terms, production of processed cheese (excluding grated or powdered) reduced modestly to $X in 2020 estimated in export prices. In general, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Denmark

After nine years of growth, overseas shipments of processed cheese (excluding grated or powdered) decreased by -X% to X tons in 2020. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2019, and then declined sharply in the following year.

In value terms, exports of processed cheese (excluding grated or powdered) shrank significantly to $X in 2020. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then dropped markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Denmark, with a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Germany exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

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

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

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

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, waning by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Denmark

In 2020, the amount of processed cheese (excluding grated or powdered) imported into Denmark amounted to X tons, surging by X% compared with 2019. In general, total imports indicated tangible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) rose markedly to $X in 2020. Over the period under review, total imports indicated a notable expansion from 2007 to 2020: its value 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, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Austria (X tons) and France (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Denmark, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Austria, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to Denmark were Germany ($X), Austria ($X) and Sweden ($X), together accounting for X% of total imports.

Among the main suppliers, Austria recorded the highest rates of growth with regard to 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 import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, approximately reflecting the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Ireland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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