Denmark: Skim Milk Market 2024

Skim Milk Market Size in Denmark

The Danish skim milk market shrank modestly to $X in 2021, reducing by -4.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Skim Milk Production in Denmark

In value terms, skim milk production dropped to $X in 2021 estimated in export price. In general, production saw a modest increase. The growth pace was the most rapid in 2016 when the production volume increased by 130% against the previous year. Skim milk production peaked at $X in 2020, and then fell in the following year.

Skim Milk Exports

Exports from Denmark

In 2021, after three years of decline, there was significant growth in shipments abroad of skim milk, when their volume increased by 53% to X tons. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 421% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, skim milk exports soared to $X in 2021. Overall, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 453%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Greenland (X tons) were the main destinations of skim milk exports from Denmark, with a combined 94% share of total exports. These countries were followed by Sweden, which accounted for a further 3.5%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +24.7%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for skim milk exports from Denmark, comprising 53% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total exports. It was followed by Greenland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-16.1% per year) and Greenland (-7.7% per year).

Export Prices by Country

In 2021, the average skim milk export price amounted to $X per ton, falling by -9.6% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skim milk export price increased by +8.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 110%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Skim Milk Imports

Imports into Denmark

Skim milk imports into Denmark dropped notably to X tons in 2021, reducing by -90% against 2020 figures. Over the period under review, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, skim milk imports declined significantly to $X in 2021. Overall, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest skim milk supplier to Denmark, accounting for a 83% share of total imports. Moreover, skim milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-42.3% per year) and Germany (-52.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of skim milk to Denmark, comprising 93% of total imports. The second position in the ranking was held by Sweden ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-41.7% per year) and Germany (-47.4% per year).

Import Prices by Country

The average skim milk import price stood at $X per ton in 2021, growing by 235% against the previous year. In general, the import price posted a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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